So our partner Bluebird has found (non-dilutive) debt financing of $5m usd, while we have to tap "cornerstone investor (‘Metal Tiger’ and other institutional and sophisticated investors" for $4m aud at 10c due to "fallout from the COVID19 pandemic and other economic developments".
Directors obviously fall into the sophisticated category and happy to tip in though
Also Bluebird planning on taking up to 12 months from receipt of funds (June 20) before first gold, while we are now funded for 12 months of field work - no mention of contribution to gold production from Kochang / ***ong.
"Blue chip explorer"? - yet to be proven.
"Tight as a drum share register" - not anymore.
Simon you have talked a good game but you are yet to deliver anything of substance.
SAU Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
and other institutional and sophisticated investors" for $4m aud at 10c due to "fallout from the COVID19 pandemic and other economic developments".
