Ann: Wits Basin Scoping Study, page-289

Any person worth their salt with holding in wwi that has read prev anns & attended webinars knows the $50m usd needed for stage 1 qala shallows will come from a combination of debt & equity.

it’s been mentioned multiple times by Jac & MQ. They’re looking at all options & equity from aus investors is part of it (along with debt, hence they’ve hired a 3rd party to look for the best possible deal).

It’s that equity portion of “capex funding” that you keep referring to “news” of a CR resulting in “massive drop” then you’re better off keeping your $ in large caps. Why waste your time writing 20 posts in a few days on a stock that you’re so negative on. Crazy world. Like it buy it, don’t like it then sell it. It’s as simple or as complex u want it to be.

bulk of the gold specs our there would be delighted to be in a position to mine the resource with $50m US & look forward to funding confirmation as crossing final barrier to a project actually going ahead instead of the 100s that get shelved/become shells.

here we are with a significant resource (& at a solid grade), in a well known mining jurisdiction, with all the relevant permits & DFS for stage 1 (+ SS for 4 stages) showing > .5b USD in free cash flow for a < $80m aud mcap company that’s in consolidation phase after a 3c rights issue (with ppl taking short term profits in this 3.5-5c range) & ppl are complaining. Sp is 18% down from last week & also > 20% up from Dec lows (lot more than half a decade of offset % savings) so it’s about perspective. Don’t like the heat & volatility of small caps, then don’t waste your time on them.