RE: Genuine question for Robbie and other long-term-holders?28 Mar 2023 02:18
Financials will release in may if that helps.
My expectations…previously we were funded through to dewatering
We have raised £500,000 since our half year report see RNS Thu, 10th Nov 2022.
Half year report mentions:
At the end of the reporting period, the Group's cash was £2,024,000. Net cash outflows were £1.9m, including £0.94m expenditure on exploration projects and fixed assets in the six months being reported.
However I believe that may be tired with groc finances potentially and some costs of the ipo.
I personally believe we are just short of 1m no lower than 750k in the bank.
It is likely we will need to raise for the underground exploration and bulk sampling tasks post dewatering. It will not be in our intrest to raise at this level and permit should act as a catalyst to allow a better rate.
Company remains debt free and could look at that to finance considering shares in issue are quite high already