As a shareholder of Bassari Resources for the past 4 years plus, we have had to have much patience and sometimes you ask yourself why? Now is not the time to be worrying as a lot of the hard work is behind us. There will be a bank draw down very shortly and we will find out what that has been for. I’d say, security fencing for the mine site and a larger one for the plant site. Also to pay for the Ball Milling plant including crushers etc. As per January announcement in regards to timing, the board should be well aware of the time frame of 30 September 2019 as the last date of the options expiry.
It is extremely important that mining has commenced or be close to it before this date. If everyone who took up the placement with the options and who will be taking advantage of this on 30 September, this will raise 10.34 million dollars for the company.
Simple maths - if they haven’t progressed to pouring gold in a timely manner and the share price doesn’t increase above 3.4 cents they may miss out on the 10.34 million that could be used to decrease loan payments or do more drilling at Makabingui and Konkoutou. I’d say they would be doing everything possible to get everything moving by this date.
IMO we should be well over 4 cents by this time next year. The next 12 months will be the most exciting times for all shareholders that we have seen yet.
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