Beaufort13 Apr 2018 15:08
I have a number of small miners who were under the Beaufort cosh.
Seems to me since Beaufort demise they have all been under pressure but over last few days it seems the pressure might be easing.
I guess there are always buying opportunities coming up one way or another. Just need always to have some dosh ready.
Those who meet CB will find him a Mans Man, very affable, excellent sense of umour, and actually quite sensitive.
He has apologised on more than one occasion for the JN cock up.
IMHO this was a result of his propensity to support and trust his subordinates.
We are moving on and since taking control he done well and put us on a solid footing (as far as any alluvial project can be ,,,,, get it ....... alluvials arnt solid ....... just trying to be amuzing) AIMHO.
With positive cash flow (if confirmed eventually) we have the chance to go to hard rock mining in a conventional modus operandi and join the ranks with other conventional Miners. I have many experiences of Mines raising capital of the back of jorc compliant resource statements but this is only the second one where the way forward is from exploiting free lying surface material and only the first using contractors.
But, we shouldn't expect anything other than further cash hungry development.
There is still some doubt about the proportion of our ard rock financing requirements can be carried by our alluvial income and as a corollary if and or how much finance will be required from us or others.
Looking on the bright side POG seems to be helping '' a little '' !!!!!
GL to us