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Is this statement in the latest RNS a clue as to the delay in funding Molyhil?
"The key Thor driver for drilling at Bonya is to add to the Molyhil area mining inventory with an objective of a minimum of ten years total open pit mining and processing. These results, subject to assay and follow up resource work, should, we expect, go quite some way towards meeting that objective."
Once the current drilling is complete, it all comes together at the same time.
IMO
Finally, a reasonable and thought out comment.
Placings to expand company is fine by me, just for running costs is not.
I expect some part of the Molyhil financing to be a placing or possibly a rights issue, but again it would be for expanding the company, so I am ok with that.
With less than a Billion shares in play which I think is very low for an explorer in this position (I know there was a previous consolidation). I am happy with current state of play.
Drilling early April for two weeks, then four weeks for results, so mid to late May we should start to have an idea of the increase Bonya can give to the Molyhil project, whether finance is resting on these results is anybody's guess - I hope not as I think Molyhil has enough to offer by itself.