Mate, the assay announcement speaks volumes when they say they are looking at other options, That means they are starting to realise that Newleyine is not going to deliver the goods. So essentially they are a new exploration company starting from scratch with $16.5m in the bank. Newleyine was always the strongest option so I can''t see Tolarno being any good.
I'll repeat what I said previously. They will not be able to raise capital from institutions again unless the SP goes north of 20c. You don't fleece the big end of town at 20c and expect to come back cap in hand "can we have more, please?" with nothing to show and the SP is south of 10c.
Jimmy has one roll of the $16.5m dice and one roll only. If he doesn't deliver a return on investiment for anyone who bought at 20c or under, it's game over.
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