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Looks like full team out today. Theres always lots of ways to look at things. Agree sp on its knees, yes we still waiting on News on Anza Im out of pocket big style but thats life and this is how I look at it. it gives me chance to buy along side of Seingred Bhargav and Chickenlegs and many more. This is aim high risk high reward. If you dont like it sell and go vest your views somewhere else. my god its like being at school.
Maybe from todays interview with brad could be the 500k raised enough to cover the license agreements for rest of year for Anza project while they find another JV partners. As I said before the 1.6m dollars will cover the board salaryies and stock market lists in both London and Canada. At some point the board need to raise at least 5mto 10m to cover drilling for a year at Anza and other projects. Unless we get a JV partner who will stump up the money and drill costs and a cash payment like Newmont did. the cash payment of 1 or 2m will only cover board salarys. It wont cover other projects so a raise will be needed at some point maybe next year or before.
Must agree with Seingred for once and agree that aim shares are like a casino Royal over last four years goldies have gone down and down and down. At least look on the positive side when Seingred says hes bought at 2p we all have opportunity to buy at 2p now. And lots will sell as the share price moves up.
The average spend of last 3 years has been around 3to5m dollars so to me 1.7m dollars wont go far unless we get money for other JV partners but wont that money be for the other projects not Anza unless its cash payments upfront. Phase 1 we got 1m first year 2nd year 1m and then 4m drill spend 3rd year and 4m 4th year drill spend. and then 2m cash payment last january 2023. we raised 11m from previous rights issue. so by my rough calculation we spent at least 15m in last three years give or take a bit here or there. So how will 1.7m go very far but as i said the bod salary and other stock market listing costs maybe just maybe they can get by for this year with the 1.7m but Im very sceptical.
Its all taking longer than we thought and what the board thought too. Wheres money coming from for drilling or other drilling on other projects.
I can only see one way that is to raise but I hope its at a much high price 6 to 10p would be nice and it needs to be at least 5m to 10m to make any difference.
Come on brad as usual we are kept in dark and everyone is guessing.
$1.7m dollars left as at 26.01.24 if you take out the costs for stock market listings on LSE and canada Toronto taking off the salarys for brad Louis and the other useless non executives who done note. So take off these costs and 1.7m dollars leaves not alot of spare cash, it leaves nothing for these other projects thats why they had to raise but but I say 500k will go nowhere so expect more rights issues on way in next few months.
If Anza drags on and if a JV partner does not come forward or takes 6 months to sort out. We up jack s street.
I think they must have needed 500k for one of the other projects to cover that project without digging into the 1.7m dollars they have left. BG said in November that we would hear news on one of the minor projects shortly. That was four months ago. Brads shortly could be anything upto 6 to 9 months away maybe longer. Still think hes holding lots of news back til it suits him for more placings. 500k will go nowhere in my opinion. More raises to come.
Seems a small amount of money 500k to raise cant see that this amount will go very far. i would have thought a raise of a million would go a bit longer. thought that they may have waited til they got Anza 1005 before raising at a much higher price personally. Think it shows that omi and board are definitely short of cash. I can see more raises coming shortly.
Ive raised more than that in a weekend.