But cash burn must be at a minimum as they aren't mining at the moment and expenses being covered by sales hopefully means they won't run out of cash at least.
Have to disagree as far PMO focus goes: they have to invest over a much longer time frame to secure their future assets and this can only be done by securing proven large scale fields not gambling on the future.
Maybe when Wressle is finally sorted out and in production things will improve? I think Hugh is very much hoping the Irish assets will deliver the big farm in deal so is happy to let Holmwood drift. I was in this for 5+ years until about 5 weeks ago and then I decided enough was enough. I managed to exit having made a small profit but this holding in my PF was just taking up far too much time when my time is best spent elsewhere. I hope things come good for all those still invested here.
GLA
Escaped the Africans only to now suffer at the hands of another lot of Africans! So much for the authorities in Madagascar but what can we expect - apart from a dip in the share price? Maybe we can hope they turn up some big stones but I'm not holding my breath!
What grounds for appealing the Judicial Review would there be? How much cash has this William Donnelly got? Surely he must be on the hook for the costs of his lost Judicial Review as it is?
Maybe the little flurry of buying today is just in anticipation of great things post the presentation? Hope so, as the current level is only a bit over the IPO price!
There's nothing new in that -just a stirrer piece got by FinnCap et al: it's in the price. As we all know, RCF has the required dosh to keep it afloat.
Looks to me they have about £1m cash available so raising the additional funds shouldn't be too difficult; they are probably thinking also that the production from the recently encountered stringers will make a useful contribution.
Sounds like they've got a grip; nice to know there's a good chunk of cash to call on to rectify the plant problems. Hope that W price keeps going in the right direction though!