Very likely a capital raise. 1.5 quarters of funding as at 31 March. Tick tock.
It’s hard to see much upside from here. They might make it to mining, but it’s hard to see how they’ll manage it without destroying shareholder value. Too much money required relative to its market cap and NPV/IRR.
Ann: West Wits to Commence Trading on OTCQB Market, page-5
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