Member Info for nc10g09

Disagree slightly Merchant as none of the new JORC deposits have gone into either the original or revised DFS. So while undoubtedly very nice to have they shouldn't play much of a role within financing as this will be based on the detailed and verified figures within the DFS

Computer it's a pre revenue mining company, without raising money we wouldn't have a DFS so how the hell would be sitting at 10p? Something you fail to explain every time you complain about 'confetti warrants'. Then you somehow spin getting the DFC on board as some kind of negative. I have no idea why you are still holding here when all you do is complain about the BOD, I wouldn't stick around for 5 mins in a company if I felt the same

'stuck' with a DFS with a 1.2billion NPV10 !

Legal they updated the corp pres on the website to say H1 for funding solution once the original Q1 deadline passed, so it very much has been communicated. 45m is really small fry in the grand scheme of things so would hope Mike gets something over the line soon

Exactly Browns, some ridiculous comments on here. For my money Mike is the best small cap mining CEO on LSE, he knows what he's doing and is well aligned with shareholders

That's because they did a block listing earlier this year

Sasha re-iterated end May on TG, so within 7 trading days

Theres no world in which more drilling is required before funding?

Great stuff Metal, always value your inputs

Think they have already modelled the first batches, im hoping JORC arrives this week

I think it's the opposite, suggests we are moving towards funding finalisation and they are unable to say much while talks are ongoing

It always goes down on drill results wouldn't worry about it

AI slop, I haven't seen one suggestion DFC debt is already approved? There's a very good chance they fund it but nothings certain til it's done and announced

What would 'bad news' look like? Company is cashed up to negotiate funding from a position of strength. Not like a distressed asset sale is on the cards or anything

You are the naive one, raising cash is a necessary evil for pre revenue companies. Unlike a lot of CEOs he's used that cash to deliver a great DFS and a runway to funding without need for any further raising

They converted an existing loan into equity

Presumably some inaccurate AI slop

Warrants chat is so boring. We are sitting here now with millions in the bank to allow Mike to negotiate the best funding deal possible on the back of an outstanding DFS. Equity from now on is likely to be strategic at the project level

A fire sale is not remotely on the cards - BRES is cashed up (must be 4/5 million in the bank) with the ability to pick the best funding solution from several options

Shares that are motoring include this one you numpty