If they mopped up all sub 6p warrants it would be another £1m in the bank, only around 3% of our market capital. Wouldn’t be the end of the world now would it.
Looking like it’s gonna make another attempt to breakthrough 24/25p with no warrants we could be heading for the next step up. Only sat at 4/5% of the claim so we could easily double in the first quarter of next year.
They wouldn’t have been able to get a strategic investor, how do you convince them to invest £3million when there’s still 100,000,000 shares coming to market at lower prices.
Not sure on the exact figure but we raise £1.1m in September and a further £1m since October in warrants and options for the bod. I think we’re due another £250k from the DFC on the completion of the DFS. I’d expect more warrants to be exercised so no real need for a raise at this point I’d say most our cash burning has been done on drilling and DFS. More a case of low cash burn and getting funding in place now I’d hope.
The only reason this gets settled early is if it’s getting in the way of mining bhukia, other than that they’d just be admitting guilt this early on. Let’s see what India have to say in February.
Todays drop is concerning, if you’ve been at the resourcing tomorrow conference and liked what you saw with blencowe and decide to check the share price it’s not a good look. Need to be able to hold 7p next week. Warrants have destroyed us.
A lot can change in 9 months, P1 was too small to consider for the DFC but weve increased P1 number to maybe meet DFCs requirement in terms of scale for consideration?