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Oliver tweets another company is to recive up to $1.8b to develop it project?
Is this what we can excpect?
Alot of speculation we may get $10m as Blencowe got.
But given how long this has been going on could any grant be a lot more
As i have said before its a high pressure system down there and we are going to drill into it again.
The flows could be well above what was originaly envisaged.
Short term this was an issue but long term it could be a huge bonus
They are looking to IPO the resource arm and at present it doesn't look like they have enough assets to do a decent IPO.
They need some good assets that have had some proving work done.
They will IPO on the basis that the FCM assets are drill ready and that's where the cash will go.
They were burning through the cash at a fair rate £33m for the last year. I think they must have found it dificult to raise any more.
Looks like we run a tighter ship with a longer runnway and more chances of deals to fund the rest of the development
As the 1st scan is at 12 weeks and they lost 2 weeks over Christmas I don't think they will have recruited the rest of the 43 in those 6 weeks.
My guess is all 43 have received at least a couple of doses.
This does not mean they can update at anytime but I don't think they will update until they have at least 30 results, a number mentioned at the AGM.
Which could still be a few weeks away