RE: RNS29 Apr 2019 10:44
They seem to have their figures in several pies currently, all of which require funding. The farm in agreements executed in the last couple of months appear to require a total of $4m over the next 2-3 years. Added to the recently acquired gold prospect, this seems to be a lot of cash to be expended for a small explorer and the interims and strategic financing executed in November last year are likely to have been used up by now (the company administrative burn is relatively low but the gold asset required some case and going forward the exploration commitments will require cash). All of which suggests that they will require significant funding rounds (in comparison to the market capitalisation) over the next couple of years.
As this is currently traded on NEX (with a plan to move I believe) the prices on here (or on NEX!) are not particularly representative of the actuals. I can see that recently sells have been going through at 0.4/0.35p and buys at 0.624p which is quite some spread! Any transactions either way will cause considerable movement owing to the very limited liquidity.