You are welcome. It looks ok, the market cap, but the actual problem lies with how much cash we have left and future fundraises. For an example only, if we need to raise a £1 million or so to really advance the project, it doesn't bear thinking about how many more shares would hit the market and at what price. With each large dilution, it also becomes significantly more difficult for the sp to rise on news. Only a gargantuan amount of buys would shift it skyward. Of course, the news would have to be fantastic as well, not your normal offering.
Ideally, in my view, we need outstandIng news right now, a JV that isn't going to cripple us, so on favourable terms, and if we JORCed the Mutsk deposit as soon as possible, then we could borrow from a reputable institution, all without recourse to shareholders and the need to issue more shares.
We need to see a much better performance before the next fundraise, for things to really happen on the ground over the next month or so, but you know the track record. Hence why I feel if you see any profit, don't simply stare at it. Lol.
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