show me the money

It is now more than two weeks since the Heads of Agreement for the merger were signed with GGG/GGB.

The GGG announcement about this included the following:

"Immediately upon execution of the Heads of Agreement, GGG and AZX will form a management company ("OpCo"), to be owned by GGG and AZX in equal shares.......GGG and AZX have agreed to each lend OpCo half of three months budget for the Bullabulling Joint Venture ($6.5 million) within 5 days of completion of a capital raising by AZX and will keep OpCo funded for at least two months of budget rolling forward."

Additionally, it has obvious for months that AZX needed more cash, indeed, JL admitted as much with his ill-advised statements about raising cash at 73c.

So, a fortnight on, why the radio silence on the fund-raising and why the radio silence on the actual setting up and funding of OpCo.

It is time for JL to "Show me the Money".

http://youtu.be/OaiSHcHM0PA