RE: 1 million offload3 Jun 2020 15:04
Little wing, I am also confident the next few months will see a rerate. The SP will fluctuate with profit takers and nervous holders off loading but it will gradually increase till the plant is built and revenue increases.
At the same time I still have concerns regarding the cash situation. We were told $650,000 in the bank, we have had a bad quarter with alluvials but it is back up and running. We are nearing the end of Q2 which will see an increase in revenue, revenue that I believe with current gold prices is covering all overheads.
That is why I don't believe we will get anymore cash calls till the hard rock revenue comes in.
At the same time that depends on how long the boarder takes to open, the plant build and alluvials staying positive. All in my opinion.