news26 Jul 2022 14:58
on the subject of holding back news, says who exactly? What PI's on here, must be true then.
How can they release news of Nyud if they don't have the licence? Following on that would mean JORC's and CPR cannot be released on something they don't officially own yet. Besides the fact they were just "draft" ones. Who's to say the BOD were not happy on them and sent them back?
WK Q2 results, which Tygra baitches on about constantly. Here we are, from financial calendar on website "September Publication of Interim Report". Satisfied? Of course not we want them now they howled, Poly did........Well that sheet show of a sanctioned company deeply in debt and desperate didn't have a lot to show did they as they can't sell feck all! We are not in that desperate place to have to do that, the BOD don't have to do that. The fact is WK Q2 results, good as they will be, would not do a lot for the SP. They are a tiny fraction of what this company is about. We are lucky to have a nice little self sufficient cash cow generating cash while we negotiate assets sale. Keeping us debt free and placings out of the picture! Be bleedin thankful for that.
MT been told DFS is on target for November and cash has been put aside for it. Anything else???
Oh the assets sale, the one the BOD keep referring to in RNS as ongoing original strategy and remains so. Told us appointed new INED and KPMG to help it along. That we still in "active discussions" with several parties. Selling to a BRICS country, no sanctions affect us. patience and care due to geopolitical situation etc. And we have been told no news??? Also read the RNS in logical order. What moaners mean is they haven't been told a price and date yet. Or heaven above even what bids we have had. Here's news for you...........first we have been told they have been bids, doesn't matter if they are non binding they are still offers to buy us in one form or another! The fact they haven't gone to binding yet is the BOD obviously turned them down or the war is dragging things out, understandably! IMO it is a combination of those 2 things.
ps a "credible buyer", which means one checked over by UBS that they have funds in place and are dam serious, doesn't spend a great deal of money, time and effort, successfully completing DD to just up and walk! They would have already known the ball park figure the BOD looking for, would already have signed NDA's to see the Data room. With all this they would not have bothered their backsides starting if didn't seriously want us!
Ok computer getting turned off as they whining on here doing my Tinnitus in!!!