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Yea they won't need any until well into Q1 2023 so i expect they have something big up their sleeve as at 2p its no good
They need price back up towards 5p
Plenty of cash in the bank as per last update.
Or secret option 3...
running out of Cash, either Placings or Bust.
2.00 paid.
Watch this space. Going to surprise alot of people to the upside
The company had cash of £663k at the end of June and burns around £130k per month so will need to get some cash in shortly from somewhere
Its going to get very spikey here soon haha. Way way oversold ;)
Strong management team though with proven track record. Cheap as chips at this price.
I think Poly have had ample opportunity to get involved in Labrador, but must have chosen not to. Things have gone badly wrong here. At one stage, earlier this year, they were even saying they were preparing the exploration camp at Labrador in readiness for the maiden drilling campaign in Q2. Look at where they have ended up now!
No point having projects you can't afford to explore. Feels like investing into the dark here in the hope that they will pull a rabbit out of the hat.
investinggenius
looks like the mm's,were struggling to fill your order up....so tick up
1.5p will be the bottom. Tick Tock.
I've taken 1m shares this morning. This is going to surprise alot of people to the upside
1.50....could be the bottom...imo
From memory the polymetal offices HQ in Cyprus is in the same building as the Chesterfield offices.
Sure a suitable arrangement can be reached.
Benefit to both parties as CHF get the cash they desperately need and good profile for POLY who have been keen to reduce their country risks to Russia so growing their exploration exposure into other regions would result in a win win imo.
Polys pockets aren't deep enough for Lab. It's very remote. Stupid idea for a company so small to buy that.
Cyprus they could easily do - warm climate, established infrastructure and great tax regime. Do a JV and give them 70% of Cyprus for a free carry. Sit back and enjoy the ride.
One can dream....
Given the previous support from Poly Maybe CHF could give Polymetal 50% of Canada at the project level with the option to move it to 75% in a few tranches subject to further cash payments and just let CHF organise the rigs and crack on.
That might be wishful thinking, but stranger things have happened.
Noticed a few speculative trades today, chart not looking too clever though.
Would poly be more likely to write off their initial investment here or provide abit more support which the company could then build from.
I wonder if there were any additional options to draw down further funding from Poly?
Some communication from the BoD wouldn't go a miss.
If we hear nothing just presume everything has been mothballed until market conditions improve.
Really they shouldn't be taking wages If that's the case, but if they are, why aren't they buying any shares down here at firesale prices?
Bitcoinbuyer - what's going on here?
The BOD need to pull something out of the hat here. They don't have the cash to progress any exploration at Cyprus or Canada, and have ruled out a raise for the foreseeable future (which at current levels and in current conditions would be very difficult anyway), so that really only leaves a JV or a sale as the possible options?
what a joke of a share. No info for ages. Has the BOD given up?
Got to have been desperation...bet 10p plus were paid for them shares.....
Stoicism... here ...but hey you cant win em all....
Averaging down a little....
Heading back 2p+ I presume
Turning back up. Desperate seller?
Taking a thrashing would be an understatement.
turkey hinting at invading
Well, I have made funds available when I get confirmation on who the seller is....
2.7m for £32,5k...I will sweep all them up if I get a handle on the strange drop today