RE: Where Has the Money Gone? And What’s Holding Up the Financing?8 Jun 2025 20:10
Mf very good post , a couple of bits I'll add to your questions from the results
Dilution , no more dilution you say , I'm very confident at first pour there will be a lot more shares in issue, part and parcel of AIM, aquaesullis brings up a good point, part of the results also said the following ...The Group recognises that within the going concern consideration period, it will need funding both for normal running costs and for other committed costs which will include its share of the construction and development costs of the Tulu Kapi mine (Further details on project financing plan are summarised on page 6 of the Finance Director's Report). As at the date of this report the Group's current liabilities, exceed the Group's cash balance. Therefore, the Group is currently actively managing its existing liabilities, and the group will require further funding before the end of 2025 in order to settle its current liabilities .
2nd you mention about the finance, I noticed this in results also
Arrangements with project lenders AFC and TDB for the project loan have progressed significantly. Credit committee approval has been received from AFC. In respect of TDB, having previously been granted credit committee approval in early 2024, it is currently in the process of updating that approval. This updated approval is outstanding at the date of these financial statements.
I wonder if they are back now?