googlebot19 Apr 2019 17:16
Hi Googs. We've raised, in a short space of time, £1.25 million. My take is simply that the we've stumped up £750k on increasing our percentage to 37.6% in Vardar. We have £500k remaining, but with a likely upping of our percentage to 40.1% by slapping in another £115,000. Leaving us £385,000 from the two fundraises. (Obviously this to be added to what already lies in our coffers, though I'm not sure what that figure that currently is).
My concern is at what price and just how much will really need to be raised to get Kallak rolling. With an average of 13.5p, I'm very concerned about it. I feel Kurt has spent a heck of a lot, none of which has been on our flagship project, but with that probable larger spend to come. Barring a buyout etc.
Finally, and this may sound ridiculous, but I sincerely hope and trust that he does not always say "yes please" to those minted investors who are angling for a large slice of our pie, but at a significantly discounted price to whatever the current sp is. Not with the chance of this licence looming ever nearer.
We long-termers have kept the company afloat by sticking with it through this concession debacle. We could have collapsed it on its backside, so I trust he appreciates the sweat and tears, the support we've afforded BEM, and that he doesn't do anything too daft before we have the licence in the bag.
Just sayin' Googs.
Have a good Easter.