RE: 1 month or less we will know future of BCE23 Apr 2024 18:24
It is a misconception that has been passed around that a placing is due to a payment that needs paying at the end of the month.
This was accounted for in the recent raise if you read through the itemised accounts in the fundraise rns
*Use of proceeds
The gross proceeds of the Fundraise, combined with the Company's existing unrestricted cash, will be used as follows:
Β· Drilling and completion of the side track ?2.1m
Β· Payment of outstanding costs due before end April 2024 related to the SCHB-2(2.) well ?1.1m
Β· General working capital and to cover the expenses of the Fundraise ?1.0m