RE: Very rampy today on here...17 Oct 2020 00:20
Hi CHRI5P,
Thankfully, the placing has already been recently done - see RNS 4/9/20.
The placing raised £1,250,000 to cover the cost of drilling at all 5 projects.
Also since then warrants have been exercised, bringing in more money.
Plus our Donovan 2 Farm Out deal with Capstone Mining will bring in cash payments (see RNS 9/9/20).
With regards to directors having skin in the game, I'm not sure how much stock they personally own, but they were granted share options as remuneration which are now well in-the-money (see RNS 1/9/20). The share options don't expire until 2023-2024 so people don't exercise them until expiry. This means they have a vested interest in the company.