RE:ThuliumMike, hope you haven't gone to the same school as oiltart and have little birds whispering things to you now that he has flown. Thulium would be icing, but lets wait to see what the company has to say if anything.
not much new in the MD&A, still expecting the CH7 bulk news in December, valuations in 2016, so much for little birds. Bptswana has 4 targets this year, thought it was 3. Budget for this years program is 3.75 million. They have spend 5.2 million more in Q3 on exploration, total for the YTD is $13.7 million, working capital left as of August 13 is 7.1 and cash resources of 7.2million, another financing is looming, they need 40 million more to June 2016 and unless the Dec and 2016 results are great could doom this company as a public company. This is definately weighing on the share price.
From the MD&A -
At August 13, 2015, the Company had working capital of approximately $7.1 million and cash resources of approximately $7.2 million. The Company does not have sufficient financial resources to complete all of its currently planned exploration initiatives, further exploration and development of the Company’s mineral properties in the near and long term will depend on the Company’s ability to obtain additional funding through equity or debt financing or through the joint venture of projects. The Company estimates it will require additional funding of approximately $4.0 million in order to finance planned work programs to the end of June 2016. These programs are designed to advance Chidliak through completion of potential resource statements for the CH-6 and CH-7 kimberlites and the delivery of a planned PEA in 2016.