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Is artificially low because of mismanagement - the asset is the same and we now have £1m to use.... money was the big problem.
Now we can infill drill and take to larger companies who want the zinc lead and silver. Simple.
just annoyed we raised at this stupid price - i decided to average down after being forking furious.
Its a bargain for newbies!!!!!!
No cash, need to raise at record low prices.
Consolidate again, rinse and repeat!
I’m surprised I can see even a bit of positives in this - only because I thought they would raise at 0.01!
Surprised they raised almost £1m in these markets..... if no directors would bought I would sell now .. but they took a big part so it’s money now
Raised last time at 0.0575 then jumped to 0.16 - 2.5 bagged for some (not me, sitting on a heavy loss)
Now we are in bad position SP wise with crazy markets nd stupid directors but company has proven asset and little bit of infill and we could have interest. 3rd party don’t want because all inferred - if we have some indicated we would be peimed for JV or sale.
Just my 2p - fundraiser is sickening but have to make most
salary eclipses the current cash position!
that they cant raise-egm needed?SB needs to leave and this needs to die
£140k cash burn per month - even more with Indonesia now there.
India and Argentina is a failure with no revenue, only have cash for a few weeks!
No ability to raise more cash - insolvency imminent!
'investors have no current intention of selling their stock, or of making any further conversion'
is actually
'investors have every intention of converting at a discount, making money on their shorted stock and converting into oblivion'
CLN are destructive - i would take a big placing at a 50% discount instead!