That seals it for me1 Aug 2024 13:14
Unfortunately yet another cry for more money to maintain their wages and announcing a further one in the months ahead.
Then a statement like this (Further to the Company's announcement of 20 June 2024, the Company is actively progressing discussions with a potential joint venture partner for the Hanc0ck Project. Due to its size, any such joint venture, should it proceed, will likely require the approval of shareholders in a general meeting pursuant to the AIM Rules. Whilst there can be no guarantee that any transaction will progress, the Directors are encouraged by the conversations to date. Further announcements will be made in due course.")
They are no way nearer Han over the line than they was 4 years ago, they have not got a clue how to handle finances, they have not got a clue how to seal a deal and basically they have not got a clue how to run a company, so in essence we will be lucky if this company is sold for peanuts.
Another company will basically steal these assets and show them how it should be done, at least i do not have to wait until Sept ,i have my answer today.
The follow up from this company in the coming months will be more spin and false promises and time lines which they know will never be met, while shareholders will watch the price dwindle, i bet Liz is not to happy and i bet they knew this placement was happening when they spoke with her.
It was always a gamble from the start so i accept losing, but i do wonder if their assets are so good why has a Jv not been nailed by now and then i think back to the Capstone deal and how it turned out, i wonder have the assets of this company been blown out of proportion, with there famous saying EH largest nugget ever found etc etc, maybe just maybe there is not much really there and they are living on the hype of that nugget, this is a company that has promised and promised over the years and NEVER delivered and today answers my question, that unfortunately they never will.
That,s life