RE:RE:RE:RE:RE:RE:RE:Future Greenland Conference, May 9-10thanks..... looks like lots of projects still under appraisal. My last email with Mr. Tuer he indicated that they had to involve a technical advisor to confirm the companies cost figures, and that that person would be working on and off with the company over the construction period. Some other paperwork still had to be done. I suspect that as the company incurs construction costs it will be advanced the funds, as we go. I know it is a slow process, as one can see from all the other projects in 2016 that are still under appraisal per the EIB page.
What I would like to see is an update as to when work will start, if the funds (not just EIB, but the other loan as well) and can be drawn down as the company progesses. It looks like the market depth is implying that the share price is going to be under some pressure until this bit of uncertainty is removed.
I presume if there was any problem with the financing that this would be a material fact that would have to be disclosed.
I for one am still holding.