RE:Our futureRight on Myrty ! You pretty much hit many issues right on the head!
We are months away from a Mining Licence without the financing support of anyone.
We keep hearing that the funding is secured, yet we haven't seen any $. Funding is not secured until there's money in the bank....
And funding for what? Too late to fund the FS. OK then, mine design and its development. That's 2 steps. So, we need funding for both? Right now?
A sebnsible approach, would be that once the mining licence is in hand (again a few months away) then you can make a funding decision on the next step (i.e. mine design) and later on make another funding decision on the mine development. Why group these 2 steps together when you don't even know if you'll need the $ or not ?
Worse come to worse (depending on your perspective), do a PP to complete the mine design. Versus giving away a big chunk of Piskanja for $ you may not need - seems an easy decision...
45% of Piskanja represents 45% of whatever marketcap BONE achieves after the mine design stage (Piskanja IS BONE - their only valuableasset).
For 20 some M$ ? I thought that Piskanja was worth way, way, way, way more than that !
Anyway, if the Osmose deals goes through, we'll be looking at a buck a share or so on a good day. I don't know how all the shares pre-consolidation will have ever made much return. Didn't we invest in a risky venture to reap a reward equivalent to the risks we took. To shareholders detriment, I think that TIm is taking the "Lazy Boy" financing approach. A buck a share ain't bad but it sure wasn't worth the pre-consolitation risk.