RE: Cash14 Aug 2022 22:22
Hi Dean.
As you you say,
Financial Results for Year Ended 31 December 2021 stated:
"As at 31 December 2021, the Group had US$6.4 million cash."
But you failed to mention the £700-800k raised via warrants purchases. Therefore total cash in the bank in 2022 = US$7,250,000.
How can you say we have done more this year?
Last year we 3 phases at Hanc0ck with 139 RC drill holes.
Plus drilled Diamond Core + RC at Elizabeth Hill.
Pls JORC Inferred Resource at Hanc0ck plus Scoping Study.
This year we put in 3 holes in San Celso and 4 holes in Donovan2 (with drilling being a lot cheaper in Mexico).
Plus Phase 4 at Hanc0ck which we are now about the receive the results which will increase the Resource tonnage.
If you seriously think Rod's first move is going to be a placing when UFO is fully funded with millions in the bank, you are very wrong.
Sorry to hear you sold, but good luck buying back in :)