RNU 3.90% 8.0¢ renascor resources limited

General Discussions, page-11292

  1. 4,089 Posts.
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    Hey Moosey,

    When did $BKT commence construction ? LOL You mentioned it multiple times (If only reality matched intention)

    1) They haven't even secured funding
    2) They are "hoping" to secure 50-60% funding via debt
    3) They are aiming to make FID & Commence construction later this year

    Meanwhile RNU has $80m in the bank and $185m Loan from the Government

    Good luck raising funds in this current market. Then you have the ongoing risk of waking up each day and not being sure if the local residents have had enough of millions of $ profit going to an overseas company, whilst they are in poverty. They grab their AK's and start shooting up the mine (Just like they did with Triton / Syrah) last week

    * Hot Tip mate - Construction comes after you secure funding, not before
 
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