Pretty sure, in the 63(?) page doc Neil specifically say none of their money is to be used in Belize. Google for the doc and have a read. They are pretty clear about it...in 1 paragraph somewhere in that document!
Look again at the deal before you assume that - if this goes through, there is a large chunk of cash being made available for working capital. A farm-in would be great (not for Belize please, I've been following it for a lonnngg time and I do not believe that there is a commercially exploitable prospect in the license area), but if the deal continues we have enough to make significant progress in Denmark on our own - maybe not to a full commercial operation, but enough to then attract a major farm-in at a cost that we can dictate, rather than as a fire sale. It is however time for some news, either positive or negative, we are too far past the announced dates to continue this silence without even a comment to say that discussions are on-going!
I think the reason for the hold-up(if the deals not already been consigned to the bin,and billyboy thinking up excuse to give market)Is NIEL are waiting for a farm-in partner to materialise for Belize/Denmark before they commit themselves fully.... Because how are they going to finance them without a partner????????.............
what a joke - BOD's loan money from company to buy shares from said company at a discount - maybe niel have just realised this happened and would like guarantee this will not happen in the future with their investment
maybe just maybe that's what the hold up could be all ONLY MY OPINION and may not be the case
If the deal was dead mate you would have found out a long time ago maybe the niels are working on that deal in Africa and might be all announced together what would that do to the sp doubt you would be able to buy in at even 4p think they were just testing the water last time buddy bedolder
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