RE: ARK25 Nov 2021 13:59
FDSV, I have no doubt reading the RNS's and listening to the interviews that 'we have adequate funds to meet current and expected exploration expenditure' (RNS 30 Sep 21). We don't know what is planned by G11 at Stonepark next year and therefore cannot know what our share of the exploration costs are going to be at this stage. It stands to reason, imv, that we may need to raise further funds in the not too distant future and historically they have been at a significant discount to the prevailing share price (March & May 2020). It is not an easy time for small cap miners to secure funds as you are probably aware. The other alternative might be to give away further equity in the project but personally i would see a reduction from the current 24% as a retrograde step with an asset that might turn out to be company changer ('jewel in the crown'!).
We will hopefully find out what is happening this side of Christmas (remember Teeling 'promised' us a Stonepark RNS 'within 10 days to 2 weeks in his interview on 16 September?)