My favourite bit ....:-)4 Jun 2018 11:53
“Williams told us that having this additional cash on the balance sheet has allowed it to make significant progress in discussions over recent months. However, as the company is not allowed to comment in detail on any deals until they complete, he added that this has also led to a notable lack of news for investors:
‘We have been able to go out and start building up to our next investment opportunity- this takes a little bit of time to get right. That means news flow is absent while we are getting those next set of investments ready to go. We have been in a sort of passive situation where we have been watching the share price moving without being able to do anything about it. We can’t talk about investments when they have not completed.
‘We expect to have a bigger portfolio than we do today by the time Corallion or Danube announce their first drill. At this point, we will have regular newsflow from our underlying projects, solving the situation we have had in the last few months where there hasn’t been that regularity of information. Reabold’s unique approach has already piqued the interest of many institutional investors, and we are entering a period of potentially transformational activity.’