Member Info for mogwhy

There's another 2 weeks work after that for the group auditors to do their work. So we're looking at approx mid-March.

Thelithanater - spodumene was mentioned in the last operational update regarding the drilling program targets.

Good progress but this leaves them short of cash again. They had £2m in the bank after the last placing and since then have spent £0.9m on repaying the loan and £0.5m on the smelter deposit. Another placing to come shortly I reckon.

http://tinyurl.com/yam6n3cj

Hoping someone can help me please. In October 2016 they raised £1.8m in a placing for working capital and project development. 2 months later, they reported that cash in the bank was £413,000 at the end of December. I can't see any capex of circa £1.4m reported, so where was it spent ?

Not me. I sold the last of my multi-million holding today after 10 years in this dog. This company died with Peter Fagiano, may he RIP. The original CTL concept was doable, but UCG hasn't got a chance today. Good luck to holders, but I've put the proceeds into WRES.