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It’s not relevant so let’s move on. He’s only guilty of getting excited about his own shares which we all do. DL can’t change the geology beneath the surface which is why this is a mute point. It’s not as if he is photoshopping the surveys to put these huge gold deposits on them on. Let’s move on now.
Appreciating your research QED but why always the negative spin to round it off? It’s clear as day now that you are now trying to deramp this stock and want it lower, you’ve just revealed you’re game plan.
We’re all aware of DL’s involvement, but at the end of the day he can’t change what’s beneath the surface and what all of the experts and modelling seems to reveal what’s there, or can he? Everyone is guilty of pumping their own stocks, is just as bad as you deramping so you’re in the same camp has him, in fact we all are! It’s part of the game so get used to it.
Who won’t want to be in for results now? I mean you can see the gold in the pictures!
Imagine being that guy worried about a bit of funding when we’re proving up a multi billion dollar resource haha! Yes funds will be needed eventually like any other aim junior explorer but it’s all par for the course. This will be 25p next week.
Why do you think SQZ have valued KIST so poorly too though? They are also chancing their luck and one might say they are even more insulting!
There were 2 offers and I think KISTs offer of SQZ was much better compared to what SQZ offered for KIST.
In short, SQZ has no ambition and would rather let their cash deflate. It’s no good having cash if you don’t spend it. AA will double that in a few months so it’s not just about the offer it’s about the new ambitious BOD who will make the money work.
There is revenue coming in true but arguably there will be more going out now with significant build costs so it doesn’t buy much more time.
Debt is possible too, but if you’re honest with yourself, then a discounted placing is most likely and it wouldn’t surprise me if they’re forward selling currently.
Let’s do some maths to put this to bed…
They raised £10m in mid-April 2021, by the end of September 2021 they had £6.41m so over say 5 months (starting from May once placing closed) I make that a cash burn rate of £720k per month (£3.6m / 5 months).
Since September there has been 9 months so they’ve spent another £6.5m (9 x £720k) so let’s just say they must be looking behind the sofa cushions right now for spare change.
Big placing imminent. They’ll need at least another £10m and in this market I’d say mid-low 20s.
You’re welcome.