RE: Here is why we are buying and holding....21 Jan 2020 11:44
Daz - heard all what you had been saying for the last week or so.. when the SP was 0.24p.. TA suggested a buy at 0.28p.. Now coming to fundamentals - £500k / month almost for maintaining BP alone, de-watering cost and further costs as we have done cold commissioning. Agreed cash is low - AP may do a placement, there is always a chance. If AP does the placing now, AP will shredded into pieces. Funding from Atlas had been in the mix.
If diamond doesn't come or atlas finance fail - then we are in more trouble.. We may need more placement to bring BP in to production...
IMO - what might happen is; get the diamond deal, Atlas finance and do a placement on the back of SP strength to cover other expenses..
I am not a big fan of AP, his promises and delivery so far.. and you know that...
AIMO
After all - this is AIM and anything could happen... Good luck