RE: Friday, Friday, Friday...26 Jul 2024 09:52
Based on historical spend on 200k x month, three 31st Dec cash position of about 80k cash and about 200k in fund raises., borrowing must be up about £1m.
We know
- 250k POW payment mid August
- 600k CLNs rolled over - likely a huge amounts of warrants at 0.05 to 0.06p. IMO they won't tell us for a while.
- Botharo the new invester loaning us money.
- Riverstone Sam has us over a barrel on FASO.
In the event of a wind up or default they would presumably get the licence and 100%.
The short term funding position coupled with the ridiculous amount of shares and warrants means IMO not only is the SP not going anywhere fast [ let alone multi bag ] but there is a real risk of wipe out if major PIs Riverstone call in debts.