RE: What19 Mar 2022 08:48
I think the only reason for them NOT to relist would be attractive loan term for mine financing. We know that for commodities there is a definite shift in sentiment for raising money so that is a possibility.
That said..... if it were me I'd definitely spread the risk..... so I would update the portfolio for Mankayan, including updated JORC and feasibility with a clear breakdown of intended sources of funding, followed by a listing which will then have a clear (and hopefully achievable) target.
Once that money is in I'd start building the team ready to deliver the project, and secure the remainder with a mix of venture capital and forward selling of the metals.
BZT might be able to provide some money for contingency later on, once they start getting revenues from Cyprus/Africa in 2023 (or we could provide some via cash raises here too.... but I'd hope we would only do that from a significantly higher MC)
I think it all starts with the IDM listing though.... so it would be good to know timescales for this.