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Time for gold
SD will be given options as per the rns.
Mr. Day does not have any beneficial interest in the ordinary shares of the Company. As part of his appointment, Shaun Day will be granted 5,000,000 performance options on commencement of employment. It has been agreed that each option will have a 25p exercise price, a three year vesting period and a life of five years from grant date.
What exactly the performance side of things are I'm sure will be revealed soon.
Is it Christmas yet?
Although the placing has left me disillusioned with management i have just added to my holding. Since watching Brads last interview the share went crazy immediately afterwards. I'm expecting a good show later detailing what was glossed over on the last rns.
Let's get this share back to its highs and then move on to ever higher highs.
If The board are to be believed even there shouldn't be anything to really worry about. This is from the last update.
The Directors are confident in the Company’s ability to raise new finance from stock markets if this is required during 2021 and the Group has demonstrated a consistent ability to do so.
The Group’s cash flow forecast for the period ending 31 December 2021 highlights adequate funding at current levels of projected expenditure to last well into 2022. The Board of Directors is confident that sufficient funding is in place to meet all its operational and exploration commitments over the next twelve months and to remain cash positive for the whole period.
Given the Group’s current positive cash position and its ability to raise new capital, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and accounts.
Goldminer, You are quite correct now states 8 weeks to production.
They are making it easy for us by counting down the weeks. Hope they stick to their timing as they could make a rod for their own back if any delays.
This is from the front of their home page. Sounds pretty definitive that they are on schedule.
10 weeks to Production.
(We'll pour gold before Christmas.)
Welcome to Canada’s next gold mine.
At 9 grams per tonne, this is one of the highest-grade gold mines on the planet. In fact, it’s in the top 8th percentile.1
Having taken what seemed an age to buy at last knockings on Friday it was obvious a buy was being worked through. I am confident that we still have a way to go on this re rate. I find i t inconceivable that we are not at 100million mc.