Originally posted by Mutley8
It reads to me like leaving the door open if and when results from current information is positive enough to proceed with Maniema, if no good the CR stays put. They have declared the intended use, being for Maniema, so they can’t switch and use it elsewhere.
The Company intends to use the funds from the capital raising towards progressing the Company’s Maniema Gold Project (including resource definition drilling, assaying and test work), the identification of new project opportunities in the resource sector, costs of the offer and for additional working capital.
The level and nature of work undertaken on the Maniema Gold Project will be dependent on the results of first pass drilling.
Highlights are mine.
Proactive management......exactly what I prefer
In the paragraph you posted they mentioned 2 other uses for it including general working capital which could be anything.
once they have raised the funds they can literally use it for anything... I wonder when Virgin Galactic are going to the moon? Perhaps JB will look to do some DD up there.
With $60k in the bank the raise will be happening soon, It’s just a matter of what price.... 3c and above I will be content... 5c and above and I will be estatic.
