Ok so one of my family members just got off the phone with Tim, when asked about a possible cash raise Tim stated he believed we had enough cash till after second quarter he actually mentioned September.
When asked about UK GOVERNMENT he mentioned having meetings next couple of days and said expecting 21mil pounds cash handout and loans will be made available for the rest, when pushed about the likelihood he stated 100% guaranteed is going to happen.
About Brazil Tim is having meetings with VVM this week, Brazil is looking good but didn't elaborate much further.
Tim is travelling to USA to have talks early next week, we think it's could be GOVERNMENT Officials.
The team is learning towards selling Makuutu for right price.
This call did happen I was there, make of it what you will.
I still believe we will have to have a cash raise even after funding from UK GOVERNMENT, we are obviously going to need money to further Brazil and USA we can't use Belfast funding for that , I'm hoping we don't need a consolidation but once we had a share price rerate I would not be surprised
IXR Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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