The money has been and still is being trousered by the bod...as if we didn't know that already...good luck with making up your losses with wsg and ecr...you should do well there. Hope all is progressing well on the other subject ATB
Most of the mponey is still in the bank although there are of course some wages etc that are burning some of it,I understand that they are seeking to reduce the amount of cash burn at present. Further funds may be needed to complete a deal if a decent one comes along, my guess is that they have 50% of the anticipated funds but may have to raise more, it would therefore be in their interests to do this only once an initial deal has ben announced and the SP increased
Thanks for update. As much as it's frustrating to have to keep waiting, one thing I've found with PR is that he really does seem to want it to be the right deal and not just any old deal just to appease everyone. A few times he's mentioned the expression 'bridge to nowhere' to me - meaning that he won't do a deal that is only a quick win but in reality can never be progressed properly due to funding challenges etc. He wants a transaction that he's confident he can take all the way. Frustrating but admirable. I also agree that Piri is worth keeping an eye on in the next couple of months.
Yes fine to raise more funds if deal on table Deffo cant see them getting anymore cash if no deal avail Interesting that you say main coal area under disputed part Im sure i can remember in earlier rns that redmond said main part was not under disputed part Will go back and look as this looks diff to earlier info........
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