BOD A Disgrace21 Nov 2024 18:03
The BOD of directors are a disgrace.
RNS end of July to inform us, contracts signed and work will start early august.
That hasn’t happened !
£600,000 raised, have they recieved it ?
If they have they will need funding again as no revenue has been generated !
Is there enough money in the account, for the accountants to sign off as a going concern ?
If they do get signed off another funding round will be needed, as revenue will not start coming into the company’s bank until min 3 months after first drill starts drilling at the earliest !.
RNS back end of October states they hope drilling started within weeks.
Well that hasn’t happened either..
The credibility of the BOD is a disgrace.
IMO the accounts are not being signed off because the deal has fallen through and it’s in a mess.