RE: Iron ore20 Sep 2024 11:16
If it helps here are the two emails.
""phillip, thank you for your email and good questions.
1 we are working on securing a joint venture partner for han**** who will provide the necessary funding
to get the project to decision to mine/mining state.
while we have three interested parties – we are advanced in legal documentation on one –
we expect that this transaction will close – subject to shareholder approval by the end of this month.
2 there are some heritage clearances to be completed – funding will assist in accelerating these –
and our stakeholders in the region are keen to see this project move to production.
3 we recently completed an ethnographic survey of the whole area – not withstanding jv discussions the project is still moving forward.
4 our recent capital raise will allow us to move forward on the pinderi hills project – with focus on silver and platinum.
5 the statement in the rns on further funding is a requirement of the nomad/uk regulators – unfortunately unavoidable.
6 convertible note – in total on notes 1 & 2 we have drawn pounds ~450k. we have not drawn tranche 2 or 3. no repayments have been made.
your frustration is understandable – the company has previously been optimistic in speed of execution – the assets however have value –
and we have engaged some capable people who should assist in delivering their value to shareholders.
regards
guy"
Number two :-
"Thanks for your email querying the results and release of same.
We’ve been studying the results and processing via QA/QC processes. We’re currently drafting releases and will be putting to market soon.
Thanks for your interest in our results and Company.
Regards,
George Ventouras
Executive Director"