Cheers for the scoop in relation to the AGM, well done to shareholders of the time. In fairness to the company, figure 1.2 item (a) states payment for exploration and evaluation. Wouldn't want to underestimate the mining studies and permitting process and would rather they work on monetizing the existing reserves rather than adding to them at this time. Big call to say wages have been washed through but can appreciate you've been a holder for longer than I and that's your call to make.
Yep the aussie gold market is currently hot however it is the producers catching the majority of the bid and it is yet to fully filter through the juniors imo. If the gold tide continues to rise however it will be a matter of time imo, hence my position here. One would also hope with funding required in the short term, they would be looking to increase investor awareness in the company?
As stated by the company the EIS is one of the final elements required before authorization to commence mining and production. Although the latest quarterly suggests the time line may have been pushed out a little, I found the table below of interest. Please note.....
Still, risk is very much there and there are two very important hurdles in permitting and funding to overcome...........Will they be successful? We appear to be getting to the pointy end and volumes suggest interest is returning!
