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Nuna is virtually bankrupt but GM are investing in them £10m
They cannot disclose much as they are in a T/O period
Nuna did say this on an RNS about a month ago.
it all stems on the Nuna deal, if Nuna shareholders accept the re-financing from GM in November, then the Nuna WILL T/O Worthington. The Greenland government want it to happen, as they have invested a lot in Nuna, as do the board of GM as they are shareholder in WRN also. As well as this, WRN have employed more staff to oversee the deals that were metioned earlier in the year. I trust them 100%.
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