RE: RNS10 Apr 2024 10:49
What does everyone think of the RNS then ?
Shares in issue now going from around 65m up to 100m - hefty dilution.
I'd rather have 100m shares than 65m shares in a company that doesn't exist. Share price is where it is, we need what we need and 4.8p is the bottom so not a huge discount
I'd rather have had the chance to participate in the 9.5p placing that Fryer particpated in that paid for the roadworks, 'the first time'.
Existing/new investors getting CLNs at the lower of 4.8p or a 10% discount - i.e. can't lose. I wonder what the balance is between "Existing" (i.e. Russell and friends) and "New" ? That's a big volume of shares ready to be sold at anything above 4.8p.
Investors can't lose WTF good on'em, without their money we'd be gone so if they sell at profit happy days. Russell hasn't taken part to avoid idiots accusing him of benefiting from a poor SP
He doesn't need to participate. He's already rerated his warrants by 75% at no risk. He's still the beneficiary of that placing and the spike he probably sold into. He still has 7% interest in his loan taken over by CRTM that is dues in October. And he enjoys the benefits of having bought his own stake in Molulu but still owning it, via CRTM.
Road still at least 3 months away.
Road was always 3 months from starting so why make this point ?
Because it was meant to start in January so should now be finished?
JORC pushed further out.
Needed money for Jorc so why is this a surprise?
Not a surpise but the JORC has been stated for months... and months.
Kastro plant now not going ahead at all - WTF was that all about ? No news in 6 months and then all called off.
It was always going to be investigated to establish if it was so would you rather he says O WELL might as well have it as I RNS'd I was looking at it?
I thought the whole point of Kastro was they used 40tonne trucks which required the road upgrade. So, who's taking the ore now, as there's no offtake agreement. And couldn't we have found a buyer with 20k tonne trucks... or wheelbarrows, just to get some revenue?
$100,000 loan taken in September 2023 is being repaid, along with $79,500 in interest !!! 6 month term and 79.5% interest - nice for the beneficiary of that.
Russell wanted that facility gone and it reduced risk down the line
What was the end result of that £100k loan? What did it actually do for CRTM and the sp?
Russell is "delighted" to announce it all though, so it's all good
How about personal responsibility for eff ups?
Money for Road, Jorc, getting ready for production- Likely money for MA's why wouldn't he be delighted?
Because none of it is written in stone... or gravel. if we can't trust the rns' then what is there to trust in, as far as future plans?
The only misery here is that noone can seriously move out of the share as noone wants to take the shares. We're all hostage to the company and most, i imagine, now need a 5 bagger just to get back t