RE: Wat no trolls?15 Oct 2019 10:02
K3. I cant account for trolls. I look in. Nothing to see though is there. WRES is now a month further in since the last raise. MM stated that WRES needed funds within 2 months. Now half way. So will he take all three finance options, Spanish debt and equity fund, the 3rd Spanish investor (2 mill) and the BOD. I ask, why does he need so much and why does he need so many options? What happened to fully funded and under budget? Remember WRES borrowed more than required, which was originally for two mines, but then mysteriously became one. The 2 mill is already subject to funds being approved. Clearly the 2 mill money is needed, what if the funds cannot be cleared or circs change. Will he use one funding stream and hold back on another? Is one source of funds a back up to another? Keep some powder dry? MM talks about using money for LP, so how is Regua being funded? Regua...radio silence. Maybe an update due, but I dont think so. The delays at LP appear to have kicked Regua much further down the road. 5 weeks to secure more money then MM, but what then if the grant is delayed? Maybe that is why he wants to secure more now, to build in a delay to the grant. I read into this that the grant will be used to fund mine progress and not pay any debt. Some on here have implied the grant will pay down debt. I disagree, the grant will keep WRES alive until production in whatever guise that looks like. WRES needs working capital and Blackrock arent playing...why?