Firering Strategic Minerals: From explorer to producer. Watch the video here.
Within 4 weeks we should have the maidan resource. I think people have underestimated here, similar to GGP in the early days. I reviewed these comparison mines and listened carefully to all of the CEOs interviews and what they see in the ground so far. Geophysics is well developed nowadays to help derisk the explorations costs. I see this going 4000% in the next 5-7 years.
Reminder of this, the following day Ryan resigned at JRs request or mutual?, what changed in 24 hours?: For those who may have missed this:JR comments yesterday (Telegram): Guys you can’t short this share so ignore these fools. Also ignore anybody who claims to know anything about any potential fundraisings. It’s total fantasy. The board is happy with its progress and again I reiterate we delivered on everything we said in the prospectus and all of our targets in 2021. 2022 will see the roll out of new products, business lines and the scaling of the business. Please check out Ryan’s video today. The board and significant shareholders are committed to the company and have no worries about the future. Please ignore the idiots. Regards Jonathan Rowland Chairman and ShareholderRita tweet tonight: One price drop doesn’t mean #bitcoin has no future, one mistake doesn’t make a bad company.
They will need to sell the BTC treasury and they will obtain a Convertible Loan Note at 10% interest. Doubt a placing after the denials by management. Management will need to make sure the CLN is repaid in cash otherwise it will be converted to shares in the end. Depends on what the terms are. More coins is not actually as expensive to implement than you think. Lots of the hard work is done. It will generate revenue quickly too and an SP bounce of 100% is likely within a month after announcement. This review of the business is 4 months late. I think the affiliate program will actually generate a fair bit of revenue and i think people are not clearly factoring that into the equation.
I think the ironic things is, in the short term if they had just turned it into a mini binance then that is cheaper, quicker and recognised by the market as the right place to be today and then move onto other areas.
The whole market is down, coupled with a serious mistake by the management. Communication to the market has been poor. I ran the numbers for the affiliate program. They could do quite well this year out of that if they get the execution right ie some retailers people use day to day. Access to funds is much easier nowadays especially in a world of QE. I think they could do between 4 and 6 million in turnover this year.