bjc3 unfortunately they aint mining nothin (as you know) and would seem to still be a fair way off it.
these shares along with the other 200mill are to fund drilling prgramm looking at expanding amayapampa resource and to keep paying the consultant who are trying to tee up project finance. imo the consultants are eating away at it fairly quickly too. they are also procuring long lead items.
last ann said they had 5.5mill cash including everything from the spp (ie 600mill shares (400mill patersons and 200mill existing shareholders) at 1c for $6mill). imo that told me they were technically broke prior to the placement because as soon as the 200mill placement went through they were 500k down on it straight away.
amayapampa is a company maker, page-23
Currently unlisted. Proposed listing date: WITHDRAWN
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