RE:New Corporate Presentationthanks shneps, my point on the trenching is they have "not stated" they are going to do it this winter.
That would be in a NR
In order to get to trenching as well as a DMS plant this winter were going to need about 12 million, at a dime, that adds millions of more shares as real road blocks to any gains in share price.
Along with the millions already here from the last 3 or 4 rounds.
The "no free look" has been a disaster for shareholders, and a huge miscalculation by management IMO.
I thought it was enlightened at the time, hindsight is 20/20, but at the same time a great teacher.
If DeBeers was still here, trenching of 6/7/44 and 1 would have been done by now, IMO, with their money, and we would be at, or past, a FS point now.
Sprott "kicking in" will just mean millions of more shares, and with the talk of a DMS plant and permits for trenching, they may be at that point now.
It still means millions of more shares.
Money will be earmarked for the new PEA so any left in the upcoming financials will be for that.
Getting to a FS, and beyond, is what may bring a partner now IMO, so those costs have to be considered if I am going to throw more money at this or sell any rights I may get.
Money has been sitting here for years while the markets have gained in every sector on the planet, while management has done little since 2013 in the field to advance this, wasted time and money on Botswana and all the while, in JK's words, Eric disappeared.
Those are not encouraging words.
My points are valid, it is time for management step up and create some magic to move this forward, anything less than that, this will never see a dollar with the paper required to take it to a plant without a white knight for retail shareholders.
Another year or two of the "same old" is unacceptable for me, and it appears we are being set up for it, again.
Chidliak should be well past this point.
Once more, I believe in Chidliak, I am not pulling my money out, however management has exhausted my contributions by going to the well way too many times and indifference to its retail shareholders.
In my opinion, and I believe everyone here assumes they are negotiating "tough" with potential partners, bros won't "give it up", that ignores our needs at this point now.
I would gladly give up half of the project for a DeBeers. My fear is the brothers won't. and any "DeBeers" will require this past a FS to consider the "economic"s of a "tough deal".
The last PEA didn't sell it.
Since DeBeers left, the market has totally ignored our "good" and "great" news.
The green diamond with any other diamond exploration on the market would have screamed "buy, buy. buy"
We need a wholesale shift to reverse this fact, it is time for management to step up and give me a reason to continue to dump money into this pit with this approach to raising the capital to advance.
Because the brothers "are in this" isn't enough for me anymore.
More importantly, It has never been enough for the markets either.