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However look at it must be in ranking for most drill holes per acre in the uk.
Unless a lender has said demonstrate xyz amongst other conditions and we will lend - I struggle to understand benefit of burning cash and diluting in the hope that ever increasing known resources will make it more attractive.
I may do Jo am injustice but in my simple mind need find what lender or lenders actually want to be prepared to lend.
If can't find lender or alternate willing to finance with an indication as to their probable requirements would suggest old guard approach was better - effectively mothball minimise costs and look for buyer.
I am afraid I have to agree with Slingizmo
More and more drilling - leading to larger known resources etc - but nothing coming out of the ground
All well and good in the days of the old regime who didnt draw salaries and as such company costs modest .
Would be interesting to know how much resources Jo feels need to be located before production can actually commence and finance be sought.
Different now
On positive note encouraging that Juno exchanging debt for equity - which seems to me to show confidence.
When Alison Rose told BBC journalist that Nigel Farage being debanked by Coutts for failing criteria (we now know other reasons too) unless she guessed she had the information from somewhere.
If Coutts had discussed with her not impossible given Nigel Farage profile that they or she had briefed the Bank chairman.
I think this has a bit further run yet - Nigel Farage I think has a subject access report awaited from NatWest itself which may shed light.
She had to leave due to her foolishness. Which the Bank said was wrong and was talking about reducing her bonus for
If the chairman now thinks otherwise he have stood up to the politicians and if felt unable to do that resigned in her support.
I wouldn't personally use share huzz turn of phrase, but would be very disappointed if Mr B does not soon show something more for his time at the company, than a large wage bill and more sample holes.
Parys must be one of the most drilled locations on the planet.
If there is not enough information now to interest
a lender will there ever be?
I really am not clever enough to understand the full ramifications of Granesberg. However the old guard who bought into it clearly where - they were men of massive mining experience and deal makers.
Sadly Parys did not progess at all quickly in their custodian ship for a multitude of reasons.
I have odd feeling that Granesberg a bit like premium bond has and will sit there for a long time but potentially one day deliver a reward far in excess of its purchase price.
Either that or like the premium bond it might not pay out at all.
TBH anything that comes from there I view as a bonus.
QME have I think have arrangement to undertake ( or first refusal any way ) to undertake contracts etc .
At present as I understand it they are working for nothing - which would seem to demonstrate a belief
Full details used to be on company website and probably still are
I understand fund raising needed although pity has to be by dilution and when price low
Hopefully next 12 months see more solid progress and if a further sequence of drilling and reports at least a planned road plan to production .This bearing in mind that after another 12 months Jo will have received some £300,000 ( if my memory is correct.
Share H
Whatever else you may be doing please be assured you are not losing my money
If I understand your previous posting you have 2900000 shares costing 3.05p ( after averaging down ) so £88,450 cost
Which at today selling price 1.5p are worth £43,500
Although I note that previously you had made a lot of money
Hopefully you will recoup it all soon
Share H
If I understand you correctly you have averaged down 2,900,000 shares to 3.05 pence
which meant they will have effectively cost £88,450
Todays bid p0rice if they were to be sold is 1.9 pence giving a value of £55,100 giving as of today a loss position of £33,350
Overall you seem to be a fair bit down ( not as much I can see as when your average was 3.96pence
What am I missing