Amer - it won't matter if we shell out or don't. There will be an organisation in the wings that will take up the shortfall. Afterall are the directors we have now got good contacts in the financing area?
There will be an investor out there who will take up the shortfall, so funding wise I think we will be fine. Its just the commercialisation aspect, that is letting us down.
Keep in mind if we get rid of West Songo Songo (which I am dead against), by not drilling and satisfy the permit requirements - that would probably save us $5m too. Then we just have to hope that everything else will come right.
Not sure what position BUY are in as to their cash-flow and funding their stake in Nyuni and the next drilling campaign.
KEY Price at posting:
3.9¢ Sentiment: LT Buy Disclosure: Held