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After years cheerleading for the board and having full trust in them, you now admit being disappointed in them.
I hope you feel sorry for all the investors who didn't sell due to your over optimistic posts.
Yes it's everyone's individual responsibility, but it doesn't help when people like you, who claim to be an insider, are overly positive with no valid reason.
If the Riverfort is sorted I think the price will stabilise/go up slightly. It depends on the amount and length of the extension.
If we get the bonds then the price should be well above 50p imo. (unless We have further dilution before then).
I don't know. I can assume based on the facts presented.
They have been in negotiations for at least a month. If we are as friendly with the lender as the board says we are then you would expect negotiations to be fairly straight forward.
If they were straight forward they could have completed the extension before the fundraise, which I believe would have increased the shareprice and any placing could have been done at a higher level.
The board also has a history of continually missing target dates on multiple issues. So you can understand my skepticism that the Riverfort loan will get extending before they reach the conversion timeframe.
I'm not sure Riverfort will convert, however the nearer it comes to the 25th of February without a new agreement the higher the likelihood they will imo.
It's all very well the board saying they've got a great relationship and they won't convert. If they've got such a great relationship why the delay in negotiating a new facility?
I'd be very concerned if we get to the 25th of February without a new deal or other financing secured.
Agree with a lot of that. Ryan does seem to be doing a good job with limited means on the operational side. The problem is he hasn't got the money he needs to progress the open pit or do further exploratory work.
Donald's playing the hand he's been dealt and it's not a good one unfortunately. He could do the honourable thing and resign.
I'd actually have great respect if he were to resign and say the things he was told haven't come to pass and he doesn't want any part of the charade anymore.
What I don't like about Donald is his belittling of investors and his refusal to give straight answers to simple questions.