Company on the brink29 Aug 2025 07:29
Basically the company is in my opinion insolvent. Again you all be primed for another fundraise. There is really no business here. You’re all being strung along and are going to be wiped out. (Again) Who is going to give this lot more authority to issue shares? Where will the cash come from in order to improve safety at Clogau?
Removing 123 tonnes of ore from underground, costs more than the 11.58 grams of gold it refined. The company is NOT viable and is out of cash and out of time.
Definitely it wants more cash and it only gets cash from selling shares. So more shares on its way? How many and at what discount. Many are going to be shafted again. Its so bloody obvious.
Sorry guys this is a poor update. Placing coming that you must all no doubt have to vote for.
SELL
3 limited‑edition 1 oz, 24‑carat "Tyn‑y‑Cornel" Welsh gold coins will not help the company no matter the premium it got..
At some point the company will be would up as no one wants its paper any more. AVOID AVOID AVOID.