RE: BP Funding21 Jul 2019 12:59
Angus - what have we move on to? Well what we have moved on is - 1) number of shares issued via placements and 2) 80% reduction in SP. Gold price has move on from $1200 to to over $1400..
AP has executed everything upside down so far... the best AIM CEO of 2018..
- spend money on non-strategic assets
- expanded too fast and too thin. Ran out of cash
- Bergen saga (biggest mistake, death spiral and decimated SP)
- placement at wrong SP (due to above mistakes)
- Sold PP at the wrong time (if you had been prudent with your cash, you could have sold PP after BP revenue). Gold price $1400
- BP continue to be a liability and sucking in cash without revenue...
If AP can't pull the finance by end of Aug, time to resign/sack.
GL