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“At the time the deal with Tolsa was done, we did not know the extent of the find.”
Fair point, but the extension option does highlight we need someone involved in negotiations that can actually negotiate and close a deal in a timely manner. We have lost more than the $50k in dilution due to us having to wait another 12 months for the deal to finalise.
So we are getting the $50k!
This comment from PC pretty much sums up how little he thinks of the shareholders -
“an early Christmas present for shareholders.“
In what world is this an early present? Maybe had the $1.25m deal closed he could have used that line, as it is he will probably dilute us further using the $50k as a hook.
The funding doesn’t really inspire much confidence, we have seen a 30% slump in sp since it was announced three weeks ago, yet TNZ are still in profit!
And 200k at .16 could quite easily be 200k at .1 if pc doesn’t actually put the money to good use and create some value. Oh well what’s a bit more dilution when we have some nice wooden stakes in the ground and some currently worthless permits?
Are we still expecting $1.25m incoming before year end? The way it’s currently playing out we won’t even see the $50k for the extension.
PC needs to get his act together and quickly or the next dilution will be on even worse terms than this one!
Are the RNS’s even worth the time that’s spend typing them out? This is from two years ago!
“Aiming for first commercial production in 2021.”
Nothing has changed since then apart from now we don’t even have a target for first commercial production.
I’m just trying to get a feel for where CS will go now it’s no longer top priority…I mean PC didn’t do a great job of selling it when it was the flagship, I dread to think what will happen to it now.
Maybe those of us that admit to being less than pleased at the way PC is running the project would be happier if he used some of the latest dilution for something value adding rather than another keep the lights on raise!
Sorry Twiggy I was meaning in the use of procceds section -
“The funds raised will be applied to the further development and exploration of the Company's projects and general working capital purposes.”
Keeping the lights on is a really poor use of our further dilution, we need someone on the payroll that can close a deal, PC being a master of Solitaire while waiting for a deal to drop on his lap really isn’t helping us.
“Sres is absolutely not in the same place as it was 5 years ago”
Maybe in the same place as 2 years ago? Or would you say slightly worse, now the “flagship” doesn’t even get a mention in the latest keep the lights on raise.
Pure flat out ramping you always knew what you were going to get with Zen…maybe slightly over the top for what we had proved at the time, but if half the buys he claimed as his were real he must have made a killing before moving on!