RE: Reply from Kurt28 Apr 2021 21:15
TFE, thanks. Yes, that is a concern, the Government stringing this out until the next election, and we are tapped up in the meantime by Kurt (though we may have enough cash left) for another massive fundraise, at an even lower base offer than the 3.16p. Of course, that's being rather negative of me, but it remains a possibility, based on our eight year wait and the price set for the fundraise this time just gone. I'm not sure however what the overall cash burn will be until the election, or what project news may come. The hopeful optimistic view I have is that the Vardar projects turn up something stellar this year for us, which will be reflected in the sp going forward into the next fundraise. That's without the Kallak decision. We really could do for a change in fortune though, and, being ultra optimistic, we'll receive great news on Vardar and the Kallak concession before the next election. Not sure about Finland. It is a little bit of a sleeping project I feel.
Could be a giant. Lol.
What you mentioned about the government is a worry. A lot of issue dodging, and, in our case, fudging of what should be a straightforward process. Pass the parcel. Then pass it some more until the parcel disintegrates.
Cheers TFE.