RE: Market Capitalization.19 Jun 2019 17:49
Fair play to all those that believe things are going well their optimism for the future that funds will be made available for Kodal to proceed to processing is laudable.
Regrettably they could end like KAMIKAIZA filtering me rather than having to admit he couldn`t come up with one positive idea regarding financing.
The facts are simple when indulging in any start-up venture you need readies.Telling people they will get paid when the boat comes in will not wash.The point that there is a fortune under your feet means nothing if you cannot pay the Contractors.We have no money let alone $60m and that is a big problem.How is it to be financed.Our market capital is 1/8th of what we need, hardly what anyone would view as a strong show of commitment from the backers to date.
It really is Lala land.Those expecting BA to pull a rabbit out of the hat should ask when did he do it last,very RNS has only caused the SP to drop.
Project management,irrelevant without a project or the money to build it.
BA, big talk on podcasts where you can say absolutely anything as there is no oversight whatsoever.Outside that and the AGM he goes into hiding and cannot answer questions.
At time of posting we are down another 3% today,and the great "I am" GFD trundling out a clarion call that no one should post unless it is wildly supportive.
Please oh please tell me where this cash is coming from and if someone is prepared to take a wild gamble why they don`t just buy the lot for a song now.Don`t tell me shareholder power will stop them because we don`t have any.
First liquidity goes, then insolvency arrives followed by bankruptcy.Then Management buyout or fire sale.
Checkmate.