Wish they would just be done with it and put to bed any finance issue if there is a shortfall. Maybe thats what's holding us back?! Also hope that any fundraising done after stage 2 is for a BIG stack of cash so they can really "push it" and get Alpala proved up as quickly as possible. Start finding the higher grades closer to the surface and we'll be laughing combined with the massive results so far from drill 5 definitely starting to look like they've found a hefferlump!!
Agreed. I can only assume the funding has been delayed also
I have also said the same about cash in the bank as Drill 5 blew the equivalent amount of money as 3 standard drills and a placement is defo around the corner to keep the momentum up ... IP survey is doing my swede in ... Rainy season doesn't change from one year to next ... Argh ... This has all the hallmarks to be BIG ...
Fair do's Lizzard agree with some of that but think cash burn has been significantly higher during phase 1 than first forecast so not as much in the coffers as originally budgeted for but yeah maybe £2m short is a bit steep. Still think there will be a small placing to get them through stage 2 that will take some peeps by surprise but not a concern looking at the bigger picture and minimal dilution. Time will tell! Struggling to get my head round why the IP survey has constantly been put back and timing now coincides with the road application potentially being granted before the IP survey. Id love to see the planning application for the "road" for scale and design as this will give us a clue into the directors future intentions, if it's a dirt track for a quad then should speed up the logistical cores being sent for assay etc etc but if the road application has been for what a future miner will need to excavate the site and planning permission granted that's a nice little sweetener when selling on Alpala to a big league miner. I'm curious about the road application and look forward to hearing news on that soon. All will be revealed but I genuinely believe that sticking with this team and the BOD will bring many canny investors significant returns!! Have a great weekend..
P.s. obviously the drilling is not the only expense a the mo. but makes up the majority of it. Biscuits and tea also have to be covered and mr.james' free canapés at the presentation ... Thanks for the update.
Waiting every second for their jackpot and end up like drug addicts expecting a high every 100 of a second
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