"I would like to see the MFP monies put into the bank to stop any more dilution for 2014 at least."
Totally agree. You have to ask yourself, why does a company which is making some level of profit from it's gold mine (however big or small), continue to issue more and more shares whilst investing those profits back into the gold mine, especially as it is looking to sell the mine. Makes zero sense to me. Surely you use the profits as income first and then issue shares for the remainder of funds needed??
"DS has agreed to fund IC exploration for now (upto £100k anyway). If we find something there who knows where our SP will go."
Agreed, but this is a long way off surely?! We were just APPLYING for 3 exploration licenses back in April (see 4th April RNS) and we've heard nothing since. I therefore personally have to assume those applications are still caught up in IC red tape. As and when those licenses are granted I would expect an RNS or newsletter to announce that. Only then can we start to talk about what MIGHT then happen with our DS funded explorations there.
That same RNS also stated: "Red Rock is to provide technical advisory services to Basse Terre, a closely affiliated Ivorian company with four exploration licences under application in central Ivory Coast"
May we assume that we are not giving away such advisory services gratis? If so, how much are we being paid?
Buying more JMS shares would be a great idea, and probably welcomed by investors, if we had the spare cash to do so. Unfortunately, as Magic keeps bringing up, we don't have an income, so that money is already hallmarked for WC and debt. I would like to see the MFP monies put into the bank to stop any more dilution for 2014 at least. Hopefully, IC and Kenya can throw us some good news which will increase our SP in 2015. DS has agreed to fund IC exploration for now (upto £100k anyway). If we find something there who knows where our SP will go. We need to sell the fruities this year. We need to sell/JV something next year (IC/KENYA?) Rinse and repeat.
It has all the hallmarks of a Friday after hours BOHICA moment. (Bend Over, Here It Comes Again). Judging by the posts yesterday I don't think anybody was going to be fooled into buying into the fake rise. Meanwhile AB gets his snout into the RRR trough for yet another months money. I hope I'm wrong.
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