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The second stage of the financing is purely gifting the company to Purebond and this must not happen! Every shareholder should be against it, as we can not let is pass. BT is again and again flopping and should be sacked at all costs. Im OK with the first stage, lets take that and see where the projects will take us.
How about they would use the funds from previous raise to explore and drill rather than sit and collecting bonus? BT don’t care about current holders and the **** that we have to deal with is unbelievable.
Looking objectively at the company - What would make a new investor interested in this company at the moment?
KSZ - strong readings, high risk drilling, no plan to drill
Ditau - "IOCG potential" (BS if you ask me)
KCB - PL082; Our "Safe bet" came up a complete duster and a "ground breaking" technology has failed to detect anything else than dust (ohh the irony)
Now, all of a sudden we might switch plan - KSZ south is all of a sudden a high prospective and our KCB licenses at the Namibian boarder are the "Safe bets".
Every investor would see right through the contingency of the failures this company delivers and covers it up with "now this is very prospective and lets go there"
I will agree with you all. CEO is a disaster.
However, as pointed out on the board, the CEO is not in charge of the technical side. When I made the initial investment the ground looked very interesting. Which is why I invested.
How it’s managed is a complete failure and we sort of demand an update on whatever activities are going on. Has the drilling even finished as KCB? Is the whole company in idle just because the CEO is out? Where are we going next? It’s all just foggy and no direction currently.