RE: The inevitable2 Aug 2022 10:05
A shocking statement from the RNS, Basically living beyond their means.
Been bigging it up for ages and then explains he has no money to do any of it
No wonder he said he had investors sat on the side
Sadly no different to other explorers, massive dilution and even now that cash won't last long
In committing to this financing, the Board was left with three options: raise to "keep the lights on"; raise to drill a single target that would likely see us quickly returning to the Market; or raise to embark on one of the most audacious, cost effective, discovery drilling campaigns ever conducted by a Canada-focussed London listed junior. We chose the latter.