Reasons to be cheerful11 Jul 2018 10:24
The sp got up towards 17p and it will again, and beyond when it's ready. Similar groans were heard below 2p and all the way up since then. We now have a number of currently anonymous ii's on board - at the first available opportunity once the mcap shifted to 50m+, providing a healthy £12-13m cash fund.
This enables the second tranche to be paid and further resource to be announced. The longer this goes on with the continued drilling, the greater potential to be in a position to substantially outperform the guide of about 21mt. I refer back to the endless delay in Finland to be then told the whole site had been tested.
The funds will enable us to ready the resource without needing to 'sell out' early leaving other options open longer. That is likely to be worth far more over the coming years than an illusory 45 mins of 5p. Bit of a bug ger if looking to trade in the short term, but for those in since the new year, then 60%+ is solid news and even greater for those n earlier.