RE: Finance at 19 per cent plus warrants8 Feb 2024 17:01
i expect the money is to pay their fees.
too let the working capital run so low is incompetence.
to pay 19% interest even on such a poultry sum is incompetence
why don't they bung the money in if they are so confident...
they should not be taking any fees . what exactly have they been doing to earn any?
we have had jam tomorrow for too long.
what is the extent of the possible grant at redmoor, what will it be used for.
we all know the capex required to get mining needs major investment not a poultry grant to further explore.
leigh creek... so we are splitting the profits from a mine that does not stack up for investment.
half of **** all is **** all.
then cobre... have the come clean about the incestuous relationship with clovis and his family .. did they know about it.. of course they did. its just a cash cow for their fees which i am sure will increase when the income increases.
then you go back a little further and alan broome brokering a deal for a nickel tenement for £600k ..
the exploration was inept...drilling holes willy nilly with no idea...
the truth is leigh creek due diligence prior to purchase was none existent...
look back at the previous videos.. john peters asking phoenix to confirm recovery rates were mega on video..
ffs .. 5 tonnes of solution sold which cost more than it was sold for.
sometimes you have to draw a line... and take a pill.
this bod is not up for it and this climate / business environment has confirmed ...
look at the figures , what are the assets worth £1m in a fire sale...
wake up and smell the coffee.
this bod are not up to the task.. look at pw and ab at mustang...
what a track record... i could go on and post videos which you can now look back on as comedy...
i will be drip feeding the sales to get out completely unless they resign forthwith.
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