at 6c $7.5m is 125m shares + whatever we raise likely another $1-2m
i don't believe management will be able to bring their promises to fruition
what broke the deal for me is this i mentioned to Steven that Santa comba is behind schedule and his advice was that only the DFS is behind schedule and that Santa comba operating as early as Q1 this year was always predicated on an agreement with the quarry
the fact that they didn't put in the application for mining the open pit over a year ago is a huge mistake and pretty shitty of management to declare that they aren't behind schedule when clearly every presentation pointed toward production in early 22
so now Santa comba is 18 months down the track, we acquired midrim and Laforce but have done absolutely nothing with it and now we are picking up more assets san finx is a great deal however if it was so simple to get San finx into production I doubt that the company would be selling it off so cheaply
i think Steven turner seems to have a very blasé attitude towards what has to go into a mine to get it operating and hasn't got the experience to back up that attitude