The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
As they have said the fundraising was to complete more work streams towards a PFS could it be those work streams are also required in order to get a EU grant. As someone said they are not going to give a grant/funding to a company to carry on prospecting its going to be more for building the mine.
Must have been fettled with a little bit if your over 400bhp. Either that or you are dead as they are around 367bhp as standard. Its a good gig working for Audi :-). If you want I can hook you up with a nice RS6 with all the goodies
I think everyone had hoped there was a way forward that didn’t need a fund raising especially after talks of grants and other non dilutive ways to get some money in the bank from the bod. Maybe we may still get some form of grant/ funding further down the line which will pay for the remaining work streams to complete a full PFS.
Should there be a tr1 issued for DB’s £400k’s worth, surely it puts them over a threshold again.
The updated JORC was never part of the work streams that we had cash in the bank to pay for previously and it was always said hole 025 wouldn’t go towards an updated JORC because we didn’t have the cash to pay for it.
Where did the money come from? It was also not that long ago that it was announced we were having an updated JORC worked on. The rise a few weeks ago and the subsequent ‘we know no reason’ RNS looks more like they knew why the price was rising most likely on the back of what was being discovered preparing the JORC update.