RE: Not looking good22 Jun 2024 19:03
Dear Dean,
Thank you for your email. Your comments here have been passed to CEO Kiran Morzaria.
The markets have been exceptionally difficult for small cap mining and exploration companies over the past few years. AIM listed mining and resource companies, and companies investing into the sector have almost without exception endured challenging conditions. These conditions mean that if a Company needs to raise money it has to take advantage of the opportunities as they become available.
Like you, Kiran is a shareholder in the Company and is fully cognisant of the situation. If you look back through announcements over the past few years, you will see the board regularly purchase shares in the company, and most recently (October 2023) Kiran purchased shares at 0.074p.