Hi Nandina,
Geogeorge hasn’t been around for more than 12 months.
Don’t think we need him to say too much as he has already
explained the geology and value of the deposit.
What needs to happen is for the Tanzanian government to grant approvals.
My fear is they will continue delaying any decision in the same manner
as they have been......and this could go on literally for years.
In the meantime I agree with other posters
We don’t need lots of expensive staff and directors.
NOTHING can happen until mining approval is granted.
So as far as raising funds right now.
Apart from maybe a token amount to pay for a MINIMUM of staff for
the next 12 months,
WHAT FOR ?
Surely the time to raise funds is AFTER mining approvals ( if ever)
have been granted when the vslue of the shares will be much
greater than their present price.
The company should be considering its shareholders
Not board fees and salaries.
Ann: Trading Halt, page-6
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