More common sense from Janti this is a trainwreck. As expected...

More common sense from Janti this is a trainwreck. As expected they are out of money again and this whole announcement disguises that fact by plastering an acquisition over the top as smoke and mirrors. Didn't they do the same a year or so ago with their big acquisition of tenement ground around Texas which lead to no where?

Everything still comes back to this new crusher and is it producing the goods. We should find this out in their December quarterly as I am sure they will be very keen to highlight their name plate strong crushing results for the entirety of December.

If it doesn't they still have a very largely unprofitable mine and no way to repay this new $25 million credit facility. I wouldn't be surprised if the whole thing is spin by platinum to try and get a kick in the share price so all the brokers friends who are out of pocket from the August cap raising can unload before the ship sinks (clearly speculation on the last part haha).