CGN 0.00% 1.8¢ crater gold mining limited

I suppose this is the main takeaway... " The level of debt in...

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  1. 15,831 Posts.
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    I suppose this is the main takeaway...
    " The level of debt in the Company is almost twice the current market capital of the Company
    and as such is in the Board’s opinion unsustainable. The conversion of the debt will reduce
    the debt due to Freefire to a maximum of $2,908,112 (excluding any interest accrued from
    today). If the $1.5 million facility as announced on 2 August 2018 is fully drawn, it therefore
    places the Company in a sounder financial position"
    NOW, where's the GOLD??
    Last edited by bevter: 31/08/18
 
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Currently unlisted public company.

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