RE: Jv farmout partner / off taker to payack approx £2m-£3m in back costs4 Nov 2025 15:41
It's not a prediction....last year...HUSSAR 1 was said to cost £2.6m....they were already in talks with third party...and I believe same party will be joining us as jv partners.....
Little bit money here and there us needed to run the company and pay msmn outstanding $300k plus ..... and get drill ready for HUSSAR 1...which will not be drilled from scratch but re entered from 2040m....just incase it's not safe to reenter everything is in place....to move the drilling plan and start afresh....gex and potential jv partner are aware of possible problems..and have set plans.....
Many are missing main point here...gex do not need to raise bulk of money to drill hussar1 ... jv partner will take care of that...not only that....between jv partner and off taker we will get back....backcosts....which I believe are over £1m possibly near £2m...
We shall find out soon...one way or another