Member Info for Mikey279

Just do the maths folks, 147k burn per month and 500k at end of June ?

I’m just being factual really, again it’s a great resource but meaningless if you can’t pay the bills

A great opp if funding comes through though

All IMO

Hmm hard to say, they look like competition as they seem quite a big outfit and have many links to ukri if you look at their projects

If they are the partners then great news

Inconclusive either way but slightly concerning regarding drop

Scaremongering?

I said if and it’s based on runway as per statements today

Https://www.cancer.ox.ac.uk/cirrp-application

Not sure how long this has been there but don’t recall seeing it when searching, could they be the competitor ? Or maybe someone knows who’s won it ?

So they have roughly 1 months cash left....? Yikes

If it doesn't come through then its lights out?

Not a de-ramp, just market mechanics.....in action

The 8p gap is too risky for me, i suspect that might be the kitchen sink point if 12p falls

All IMO

Next rns will show another few % reduction IMO,

wait until under 3% and there may be interest

All IMO

See my prev comments re sustain cap, if they're taking such a big hit its kitchen sink time rather than adjusting their PF IMO

Looks like I was right

850k odd admin half year 500 ish cash at June

Forget early next year/end of this year - possibly any day now

All IMO

This is pointless really, it’s a fantastic resource but the low volume and liquidity suggests PI share the same thought as me, ie unless they get some jv or non dilutive funding then why not just wait for the raise (whether that’s over the next few weeks or several months) to be in a safer spot, not like it’s ready for a sale or anything yet at this stage so there’s time

I personally cannot chance that the majority of the 1.7m is acquisition- if you consider the jorc etc there must’ve been some significant admin involved,

I reckon a raise comes by end of year or beginning of next, latest

All IMO

Whats the point, £100k difference? and £4k per month difference?

And why would you take 2022 figures? acquisition costs wouldn't make up for the difference (its not a write off and any associated fees would be a % of the deposit.

Have a look at the full annual report, comprehensive loss was actually 3.9m,

The point stands, the $2m was received earlier in the year and would've been largely exhausted by now

Tweets and fantasy numbers are meaningless when there's no funding

"This cash flow forecast assumes that the

exploration programmes, including minimum expenditure commitments, will only continue with additional

equity funding secured by the Group. This additional funding is not guaranteed, however, to date the Group

has been successful in securing funding when required. "

it's there in black and white,

All IMO

It's dated december 2023 not 24,

Sorry but i dont agree here, 400k + $2m usd refund ties up with the balance sheet of around £2m,

Admin loss was 1.7m ish, acquistion costs seemed minimal and funds returned so not a write off

if admin is circa 150k p/m then there can only be a few months of cash left

I'm not doubting the resource at all, but maybe a better bet when funding is secure for drilling etc.....?

All IMO

The report was at 31st Dec, receivables inc the 2m at the time which was paid a few months later...?

I definitely see 1.9m admin in both the P+L and c/f section, please correct me if wrong

you should also know in situ has value of less than 0.5% most the time, but even less without funding

All IMO please correct if wrong

Its good but:

This cash flow forecast assumes that the exploration programmes, including minimum expenditure commitments, will only continue with additional equity funding secured by the Group

1.8m loss in admin only last year so must be on fumes unfortunately?

Interesting, another 250+200k (buys?)

These litigation/shareholder loss suits are announced daily over the states, meaningless most the time

Great when funding and overhang done and close the damn spread

Wait out until then

The results are stellar no doubt

But if sustain cap are taking such a big hit with 16% to go then what’s the point ?

They literally crashed the bid hard on results day

This company is done for me, this was the last hope and anyone with tact would’ve even waited a day or two which would’ve been much less dilution for shareholders (if it was needed at all)

Only proves that certain friends are being helped out behind the scenes without any care for PI

Best thing that can happen is a suspension and delist and hopefully these guys never be employed in such capacity again

All IMO