The head of the management had only a break, but was from beginning (Burey Gold) onwards here!We had 3 to 4 cap raises in the last 2 to 3 years and they collected 6 to 7 m AUS Dollars to bring the project to the next level and start drilling, BUT since 2 years nothing.......
Just to inform some people here, Amani holds 55% on the project and have now (how many SOI) 15billion?I lost the overview....
Fact is, that all the time, the costs for directors, desktop studies and staff burned our asses and 7 m dollars will be burned out fast alone to the fact that 2m dollars are directly gone for open bills, so that we speak about nearly 5m left to (new words used by directors) developing the project ground?......
Since 2 years we heard, that drilling is close, but they are restricted due to covid.... Drill rig stays at the border, to come into DRC is not allowed etc etc....
Other companies based in the DRC made much much more also with covid restrictions..
Im with this company since 7 years now and learned my lessons at other share prices, so, that I have my own view.
For the newbies at this levels to step in, may could be a good chance to make quick bucks, but I personally have doubts that the BOD can navigate the ship in the harbor.
But these are only my personal opinion and at least the future will tell the true.I only wait for the right exit point to leave, but to all of the others here who came into this company at these SP level, I hope that you make the most profit as possible!!!!
Hope I can leave before a consolidation split.
All the best and hold an eye open for the signs.
Best wishes
BEO
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