RE: Greater Sunrise6 Mar 2024 11:00
They had £4.6 mill left in June spent £1million since then no idea what on, maybe their wages they get paid ridiculous amounts. then they raised £3mill. They are not including the £750k guarantee in the funds £4 mill they say will be spent on preparing the drill. They will have to give away more of the asset either through a JV or do a huge raise hopefully the former. They need about £25mill if TG pay the 20% of costs. Everything will depend on a route to market. Will it be Darwin, Sunrise or a Flng if its Sunrise could be a while yet. I get the placees enthusiam to ramp this but the longs have been shafted, I do think the assets could be worth a fortune, but you have to be realistic, the bod have once again raised at a ridiculous price who is to say they won't do it again? They refuse to promote and don't seem to want the price higher to raise at reasonable amounts, for me we need a change at board level. Bring in people who want to gain value for shareholders.