Armadale Capital - Re: ACP Stream Log - Unfortunately for this venture to...

Unfortunately for this venture to succeed ,they have to raise a lot of capital, for a company with no income ,apart from shareholders. Businesses used to value good- will as an asset . There are lots of gold miners with experience ,and already "UP and running", looking for a 20m boost,so hardly surprising the funding is dragging on. The lenders of course will be looking to make sure their is a tangible assett. I am coming to the conclusion that the BOD of this company are after a free ride until they can offload to a much bigger company, but at little risk to themselves ,as now. They are still drawing their salaries ,though no one seems to be able to find out exactly how much, but it is, from available figure s, in the region of 1m per annum just for the directors, mmm not bad..Source , published fundamentals, probably un-audited.