One would think Gandel is cogniscent of the situation, but for the money involved maybe he isn't overly exasperated. Perhaps he just sees this as a way out. Does he have a good honest man he can afford to put on the job? It might help the rest of us who need rescuing from a dire situation. No matter what happens, on re-listing the share price will collapse. The company management and Board structure, and past shortcomings will see to that. Once trust is broken, it is very difficult to rebuild. Better not to break it in the first place, but it's too late for that now. Who would line uo to buy at 0.9c? The answer is of course, nobody. The only way to prevent a share price collapse is to successfully mine for a quarter, and return a profit, enough to repay all debt. It could be done if like I posted, they'd "be mad not to have hedged gold when it passed $1850/oz". On the 20,000oz/pa it is worth $4 million more p.a. than 6 weeks ago when POG was around $1650. Simple thoughtful, and educated decisions can have a really profound effect. Setting a budget that is well thought out, with a focus on cost saving and expedience re spending and balancing the books, wouldn't go astray either.
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