Hey JJ,
I am also seing the Jan 31st time frame as some sort of indication whether or not Mr. Bondie goes with it..But in the end, the devils in the details. I.E the extent of the claims and the judge honering CRY's req. of min claims from Mr. Bondie.
On one side of me I see nothing more than a extension till May 31st.
On that note, and per the monitors last ledger CRYFQ will dwindle down to $5.022 million with one more draw down of $5 million from Tenor not including the on going saga/sales of the equip. I cannot see for the life of me in a environment of mining activity it's taking so long to sell it.
Still we trudge thru $1.2 million a month paying salaries to the big 3, lawyers, rent, reclamation, advisors and our monitor.
We'd better pray like heck the Jan 31st court date has some positives because time and cash are running out.
P.S. is the model of cash burn accurate? can we expect more or less burn? Anyone care to guess?