RE: Another Interview14 Apr 2024 17:02
What i know is when somone states a face but omits the rest of the facts: 'we like to be producing about 12months after purchase of the asset' so started producing in Jan '23. really? how much of 10,000 tonnes per month has been sold, then?
he said there's 9,000 tones on the pad (i thought it was 6,500 but benefit of the doubt) then says 3 x 40tonnes were deliver to OM Metals... so 120tonnes!
now will take until... July before ore sales restart. that's not 12months in my book.
didn't say it WAS death spiral... i said clns are invariably place of last resort for funding AND are associated with death spiral financing as the power and control of share dilution with with the clns. if russell has explained how he has control then he should tell every other cln fund receiver because they all, without exception suffer from significant dilution and price drops. i've looked for the explanation of how he has received funds with no disbenefit and i haven't spotted it yet but happy to be proved wrong.
don't recall saying i will sell at 10p... only 10p i recall is the rerate of his warrants from 40p? why would he do that? why not get all the warrant holders to buy shares at 5p to receive the funds when needed rather than waiting for the sp to be a wishful 20+ before throwing in their support? still dilution but the money is needed now not at 20p (or just leave them at 40p or isn't there confidence that it'll get to that price?)
those 40p warrants 'persuaded' retailers that 40p would be blown past, easily. now it's 10p. bit of sleight of hand, i'd say, and now 10p is being dangled in the same way 40p was!
finally, my money is/has been tied up in this, primarily based on 'promises' made by the release of rns'. why shouldn't i rail against the share price and the conduct of the company for failing to deliver on several of the promises made by their rns' or their failure to rpomptly report on progress. did it really need to take 6months to report on Kastro?
why isn't it concerning that the company raises funds twice for the same drilling and roadworks, without being called out for it? i notice it's never been explained and just merely forgotten... was it because the ceo benefitted from it directly?
Roadworks were meant to start in January and take 45 days and company had already been appointed. it also said that only 'part' of the funding was for roadworks. then it turns into roughly 10x that???
you should all stop being sheep and raise some concerns over the treatment of your investments as the last 15months have been nothing short of incompetent... or is that how you expected the company to be run throughout 2023? in which case, why did YOU stay in and not just wait for the 4p price?
i'd say every investor, barring those that enjoyed the 5 and 10p warrants and their extensions have been made to look like complete idiots for trusting the rns' to be factual.
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