30m (yes 30m) in 3 years , where's it gone10 Mar 2025 09:49
I wonder where its all gone , because some of the reasons for raising cash appear time and time again , last number of raises was to complete tula kapi , ressetlement appears more then once.
If money raised was used to complete certain tasks , why are those tasks being shown again and again, and if the money wasn't used for that then where did it go.
30m in 3 years is over 800k a month and naff all to show for it, already been over 4 months since the last raise. Good old harry
December 2024 10.6m, proceeds for completion of project financing and launch of the Company's Tulu Kapi gold project (the "Project"), including legal and professional fees of KEFI and its banks, preparation of the community, site and district security installation and administrative costs of satisfying the remaining conditions for the project finance package;
4th March 2024 5m which will be used for completion of project financing and launch of the Company's Tulu Kapi Gold Project, which relate to legal and professional fees, preparations of the community, site and district security installation and administrative costs of satisfying the remaining conditions for the project finance package;
30th may 2023 raised 6.5m .....The expected gross Capital Raise proceeds of up to £7.2 million (the "Gross Proceeds") will mainly be used to fund:
· Completion of project financing and launch of the Company's Tulu Kapi Gold Project.
April 2022 8m raised for selected development activities at the Company's Tulu Kapi Gold Project ("Tulu Kapi") which will continue as authorised by the Ethiopian Government, particularly with a view to confirming security conditions are conducive for full project launch and financial close at the end of Q2 2022;