You didn't take into account four words "until revenue is...

You didn't take into account four words "until revenue is generated", eh?

I tried to simplify an answer but I see that's needs more proof. From the 30 June 2022 final accounts I present from page 41:


The money has been spent to acquire 51% of Ruwenzori Rare Minerals Limited which hold the Makuutu exploration licence.

So, yep, money's been spent but it still means nothing until all three items are good and I can't see any reference to the points you offered.

Junior prospectors/miners are always going to be pushed around until they produce 'revenue' no matter how much they spend. I look forward to acquiring more shares at these low prices.. Not so short-sighted, eh?
TC.