RE: Cash24 Aug 2018 15:39
i cant, but they have closed down production now and are no longer generating sales and have never disclosed how much they sold or generated. maybe they sold a lorry load or maybe they sold a biscuit tin full - nobody has any idea at all because of this enduring silence (why?). you need to face this fact, it is undisputable and obvious to everybody who views this company in an objective manner.
They are burning cash drilling, and the only source of monies that they have actually disclosed has been from placings, reducing the sp value to a fraction of what it once was, whilst keeping the income recieved a state secret, again why?, confidentiallity agreements is a poor excuse.
So with no production for some months, what is paying for the drilling and the outstanding water issue, more placings? it cant be sales as they are making none as they are not producing.
Optimism is great and i hope for a lot of investers here in neck deep following the terrible way the BOD have kept investors in the dark here (at best) such as Funky, that things eventually come good. But optimism needs tempering with a good old fashioned dose of reality and a much more transparent managerial approach, rather than just blind guesswork and unsubstantiated faith and fluff.