RE: prevoius RNS Expreince3 Sep 2018 08:24
ihavenoclue - I never hide the fact that I am heavy under water but I also a realist as well.
RHA Profitability is required with forecasted revenues and details on grades, nothing has changed on this apart from we have raised more money to spend on RHA when he said nothing more would be spent until RHA ownership was settled and we are yet to have anything legally binding IMO yet we have raise another £750k for drilling etc
Zulu has the potential to be massive but with out any money to take it to DFS we really are at a stand still and relaying heavy on KDNC to pull us out of the 5h!t, I say this because GR could have used the Circum money to get ourselves to DFS and we would have been there or there about and maybe giving away 30% for the JV partner to pick up all remaining costs rather than 30% now for £5.1m.¨
However once this deal is done we should see a jump in sp as this adds a hole new minimum value to Zulu.
Circum shares still worth our MC but we need to hold onto them to see any true value why we wait on Circum Minerals this is also out of our hands.
Its a race against a BOD that are taking over inflated wages and expenses and have failed to deliver on any fronts, yes things are in place but out of our hands but a little forward thinking and we would be a lot further down the road and in charge of our own destiny.
All we can do is hope and pray we manage to pull one of the three off, hopefully more short term to cover the GR loan repayment that is looming and will require further dilution if we aren't cash positive by then as we still have wage bills to pay and plant and equipment to run why we figure out how to turn profitable .
I for one are getting extremely p!55ed with what's going on here, its hard to be positive when the market has no truest and any positive sentiment that should come from a positive RNS is lost before it begins as PIs are just too wary of GR previous GLA
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