My guess is they know they are in the sh1t and are trying to get their affairs in order. Providing no mishaps at a1 with the grade and gold price they should be making a fair bit of coin. If they strengthen the balance sheet maybe they will be able to attract a 3rd independent director to the table.
While it’s been hard for us remember the employees at the mine. Mining has been pretty good and I’m sure they have had other job offers so I’m not sure how I feel about the con notes but it may have been a way to keep some of the talent around. A close look needs to be had at who was offered what particularly since the con notes issued at 1/10th the price of the previous ones...
Hopefully they can turn this ship around.
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