Kalayi looks set to go to Alphamin I think imho. He mentioned some sort of transaction to take place to release cash to continue drilling at Mont Agoma. Guess no further dilution anytime soon at least?
Hopefully we hear something soon on that transaction!!
UPSA have just confirmed they are on board and are working towards getting this completed. So the suggestion that it might not happen feels a bit off to me. I assume you’ve read the RNS yourself?
There may simply be some misunderstanding around the YA option – perhaps clearer PR from the company would help address that. Also worth noting that not every YA deal has ended badly.
At the moment there’s no asset formally secured, so some share price drift is understandable. The continued selling isn’t helping, but this likely changes once a tangible asset lands.