RE: Where does this leave us?3 May 2024 22:52
Personally I wouldn't take everything the Prof says as something to take to the bank. He's fairly loose with his wording, remember the whole thing about a mine by the end of 2023!!?!?! The relationship was oh so great with DEMIR all along when it's now clear that CGNR were pushing them to develop a mine and clearly DEMIR weren't having any of it.
So when he says there's been interest I merely interpret that as people came up to him at PDAC and chatted politely, nothing more.
I'm afraid I really do question whether this company can now survive. Happy, very happy, to be proven wrong, and maybe it's only the melancholic feeling when reaching the end of a good bottle of Grenache at the end of a long week.
But I expect we'll hear pretty soon about a raise, just to keep the lights on, it won't be for much because frankly I don't think they'd be able to raise much and then a last ditch attempt to raise JV interest and then I think the Conroy family will be moving on...
Time for another bottle...