Member Info for Bebeto

The large drop reflects the uncertainty to the revenues, they can turn this around as the company goes through the next two to three quarters.

It's immensely difficult to raise funding in this climate for the majority of companies out there, it will be a narrow spectrum of potential offers to raise what's required but we will have to wait and see.

I'm on the sidelines waiting to what the developments are before committing to invest.

Folio, I was solely referring to the latest RNS perhaps you're confused with phase 1 of the work program and phase 1 of the 3-year mine plan?

There's absolutely no mention of 2koz per month contained within the independent program.

RM has also commented and again there's no mention or reference of it.

The RNS is only 3 days old.

OCIM

Perhaps I I'm may never had walked if he had produced more realistic numbers, now the company is using them it does bode well for the funding.

49,155oz / 36 months = 1,365oz per month forecast production.

Representing - 32% drop in production from the 2koz per month previously touted by RM.

I see they've dropped the 2koz per month production estimate to a more sensible 1,365oz.

"expected increase in the overall Project capital requirement by at least 35% (from the current capex budget of US$537m)"

10% is $53.7m amd they want 3.5 times thst at least.

OCIM were lending $10.5m last November and this work plan also has $10.5m cost.

Surely they've been hit by inflation over this last year, so the upgrade to the mine must be less?

I haven't been looking at this share for a while

Swamp it's TW spreading it

That's just a plan for an asset, most likely to be used in the fundraising process to begin with.

Someone's made an accusation that the company (without funding) would be insolvent and that's the most likely reason for the financials to not be released.

Insolvency by definition means the business is unable to meet their financial obligations and pay off their debts. When an entity is insolvent, it means that their liabilities (debts) exceed their assets (what they own).

I don't actually know if it's true or not regarding the financials.

We need to know who are the creditors, how much is the debt and can they service it without funding.

If you know the answers to the above it would dispel this theory before suspension.

The funding arriving would also make the point irrelevant.

Whenever insolvency is mentioned it's the creditors who takes precedence over shareholders and there's not much anyone can do when it's in suspension.

Insanity is doing the same thing over and over again and expecting different results.

Sorry to hear about SFE. it took 13 days for IOG to appoint an administrator and then the Nomad resigns with immediate effect, leaving a further Month to find another NOMAD or the shares become cancelled from the exchange.

Thanks ImIom but I've been suckered in by him before so I refuse to ever listen to RM.

There's plenty of posters on here who thinks he's some kind of messiah.

So I'll just leave my residual holding and see where that goes.

What was the reason why they aren't being released on time again, causing an unnecessary suspension?

Well it's very easy to clear up and that's wait until the financials get released.

It's either right or wrong, no point sweating on it.

Clued, we shall see and hopefully you can say I told you so!

Someone said without the funding the company is insolvent and therefore the FCA wouldn't accept prospectus, so the funding has to come first.

There's too many small cap investors in companies getting caught out on funding / financing nowadays!

It's far safer to wait for a company to deliver and then invest with certainty of a decent return.

Several companies have gone under recently.

They let their mates out yesterday, welcome to AIM.