RE: DFS19 Jan 2023 07:59
Morning Del, Tills et all,
- DFS would be lovely news however the Russian Xmas break should probably be taken into account and TBH I am not of the opinion technical documentation of this type would be reviewed and stamped so quickly (hope I am totally wrong) but setting my own expectations for 3 month review min?
- Licenses, I understand your frustration Del with these but I dont believe the company is holding back info I do think these may be related to any deal, but I too expect clarity on the deal and relevant licences over the next few months, March/end of May (options expireend of May) it will be 'le crunch' time IMO.
- HCW report is genuine I have seen it I know others have here it is an independant report with independant valuation set for each project WK for example 4p.....so the SP valuation is currently set for WK only (make of that what you will)?
-Cash, how many times now?
EUA cannot raise until the next AGM (July) UNLESS an EGM which they would need SH's approval to raise.
The company clearly had one off costs to fully fund WK for next season Drag line, Power, equipment etc
Also separate drilling and I assume license costs, these need to be confirmed expenditure by the company in near future.
4 million in bank 2 million VAT return and and increasing value of plt concentrate 5.6 million in storage.
Budgeted for next years prod as confirmed in the last RNS.
Have a good day all.