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My thoughts on cash
31/12 from Full accounts €150k
Raise in Jan €1m
30/6 from interims €410k
Suggests €710k cash burn in H1
Raise July €600
Question therefore on current cash is determined by H2 cash burn.
My opinion is ranged €500-€700k spend in H2
This does indeed suggest a YE position at circa €300k-€500k at year end
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Jules… Will certainly catch up in Dec. There are a couple of holders with a chunk in the South West.
Pictures have been shared on the Telegram group, assume they were yours.
We are a mixed group over there. Predominately current holders and many for some considerable time.
Looking forward to catching up with GWMO in London later this month.
Would assume the team will put some publicity/news out ahead of the meetings on 20th21st Nov…
Regards
Kew
WithSP Angel suggesting £30m production priorities up and running and potential for £30m from Cu with a fair run next year a £40m MCap is my top end…
That’s 3/4 of a penny
Top end 15 bagger mid to end next year…
There is no quick fix I am afraid.. we are staring at a wait for permits, a build, a slow start of production… hoping that funds for phase 2 ( not budgeted for) will come from a raise which sees some buoyancy from phase 1
My opinion
Kew
Really rusty!!
So if they were painted would you be happier? If they had cost X 10 time as new would you be happier?
These are workhorse assets, secondhand to undertake a roll in the Nevada desert.
Look at the scale.. as long as they have a maintenance schedule and can work as they suggests the patina isn’t an issue.
Great to get an overview of the scale they are building to with the recent RNS. Ensuring a single pour for phase 2 means no potential cracks to cause environmental issues and look to clear permits.
Costs being maintained
I was very happy with the release of the assets and site photos.
Let’s see how they get on getting it installed and running
I am not concerned about the progress on production site.
I wait with interest to see when permits come through (Aug was set as expectation by Brian) hopefully we see it soon.
Didn’t like the dilution ( of course) but it’s not terminal.. I expect to see a tickle on the SP when the first batch runs through.
The reasons (2) I am holding are
A) this junior explorer will find gold and silver minerals ( apart from the spoils-which keep the lights on only) to make a decent difference to the worth of the company.
B) that their will be a Cu partnership which will have a material impact on the worth of the company
The production plant May in 12/18 month be a material revenue stream but that is only going to be if they can feed it.
Been quiet because I find all the boards somewhat draining on the soul. Keeping my focus on my work and people around me. My money is invested in Great Western and I have seen no reason to disbelieve what Brian has said the company’s priorities are.
Hope all are well
Regards
Kew
Yep see what you mean. Spreadex holding shares to hedge against their customers short positions.. shorts close out and less need for stock to be held.
Great if the picked em up as part of the placing making a turn too
Moon. You are funny…
Nice Mr Chis…
Price is very enticing.
Thought of getting production up in August and getting investment back for set up costs in first 12 months also exciting.
Looking forward to hearing how the drill has been getting done on.
Would have liked to have seen some pictures though
Why’s everyone getting so bent up on Moon.
Every board has a few crazies..
Why on earth spend time giving fuel.
Patience. The money is invested… the plan is being executed.
Babblings aren’t going make a difference.
Come on. Those that believe … we got this.
Kew
Apro… just ignore him.
His has proved to be ignorant to reasoned debate and bangs the drum on cash which whilst we can see is tight we have recent assurance that the first phase is fully funded.
Only reason I can see for requirement for more cash pre phase 1 is costs for Due diligence /legal expenses for Cu partnership and or if thief change tack ond decide to double down on drilling.
Neither are suggested as likely.
Hope you are well… any chance you fancy a trip to the telegram group? Pretty balanced conversations
Kew
Was happy to take a few today
Why? I guess it’s due to the cash balances.. and lack of news on production
Agree with the thinking APRO re getting rev in .. believe BH was hoping for recovery initially of circa 300k ( from presentation) but until some clarity on progress and continued delays in starting I guess will likely be the prompt for some to divest concerns about a placing….
Was happy to get some more in the account though