Funny that (not really) the FMR JV stops dead in its tracks just when we shareholders start licking our lips as the planned next targets are the high grade gold.
The SP hit the skids and nose dives after repeated dilutive capital raises.
The board do not have the ability to renew the 10% capital replacement facility since we voted against that resolution. They still have the ability to dilute the share registry by up to 15% though although the board now claim shallow open pit mining will provide working capital.
The board know they will get a second strike at the next AGM if they don't perform better and raise the SP by mining gold.
Should FMR reappear as a JV partner I will muster all the help I can to stop the deal.
FMR cannot be trusted.
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