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mt gunson JV will need funds to develop after BFS so you won't...

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falcon347

2,435 Posts.

349

29/10/14

18:52

Post #: 14202941
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Originally posted by scoundrel ↑

Yes the Tanzania projects sound like they have great potential
We will have raised 2.2 Million which to me it sounds like there will be a substantial amount of that funding
spent on that project then there are the general administrative costs.
My concern is as to where any cash flow is to come from to avoid further dilution 12-16 months from now.
I fully realise we have a fixed asset in Coburn however unless the Zircon price improves finding a partner
to get the project operataing will remain difficult and even if that eventuates what funding will be available by Gunson to
perhaps maintain it's share
Yes should the Copper project at Mt Gunson turn fruitful then it will create good cash flow however will this arrive in time
I put these questions out there to obtain other Gunson holders views
Maybe I am missing something

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mt gunson JV will need funds to develop after BFS so you won't be seeing any cashflow from that, i knew this would happen, which is why i'm out, you all get what you wished for. new directors in with the reverse takeover will spend all the money on their pet project.

GUN Price at posting: 1.3¢ Sentiment: Sell Disclosure: Held
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