RE: NT to buy! Remember drilling costs to be reimbursed!24 Oct 2025 10:06
Post of the day:
Lots of deceit here, the terms of the grant for the drilling were explained in the IMC, £1.52m is being spent on the drill and MRE programme, 50%-50% with the Company and the Prosperity Fund. The Company pay for the drilling programme and the invoice Cornwall Council who then re-imburse them with the grant monies at completed stages.
So no wonder cash was down at the end of September, it will be replenished by 50% payments toward work now completed and this will go on until Q1 when the process is complete.