VVS, Terms offered for the debt prior to the 12c share offer were exceptionally onerous (fees of 25% plus of total, plus interest) mainly because that QOL was classed as an explorer back then. Now they are a producer, albeit in ramp-up phase, credit slowly improving and interest rates on slide - things have improved. The business plan remains intact and that includes the resource model.
imo, QOL are a backable operation.
I am not an analyst, DYOR
QOL
queensland ores limited
VVS, Terms offered for the debt prior to the 12c share offer...
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