RE: Clarity on sale of Morocco and possible 10% divi ?19 May 2023 12:06
Hi Keith,
I can’t conclusively say if Paul and or Lonny read the boards but yes my assumption is that when they get time of course they do.
They are shareholders as well of course but putting that aside I don’t think you’ll find two more committed men than our team.
They cover every thing they possibly can and regardless of what some might think or say they are committed to all shareholders.
I take your point about the raise but a few things in play that I personally feel and some may have touched on it earlier.
We have had clear interest in gurcief and rightly or wrongly interested parties don’t want to cough up what we feel is fair or justified. Whilst we have been waiting for x y and z to turn up or Lonny wielding his magic to get us drill and testing ready this has been going on in the background. Negotiations when companies like ours are seemingly backed into a corner it is important that you have a back up plan, perhaps plan all along to say, do you know what we’ll go alone and if we have to raise we will. We had no headroom so how do we raise, knowingly or not knowingly an interested party may of been, well let’s see you get this done then. I suspect we have had that up our sleeve in terms of loaning shares for a while.
The raise itself I believe we have been taken advantage of but what could we do 🤷🏻♂️ We need it and need it now, people have had their chance so we’ll see what value sits on the table in a couple of months time.
This is all my opinion of course and at no stage is any of the above quotes or such like from anyone, solely my opinion.
Jimmy,
You’ll have to watch the video matey as I really couldn’t quote what was said as I wouldn’t want to mislead or get it wrong I’m afraid. Plus I had a few beverages so listening again is just as important to me as those that weren’t in attendance.
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