They are running out of runway, only so much cash left in the coffers.... yes their is the potential Cath cash, yes we have finance facilities but all that is for getting us to a mine. Without a license none of it comes into play (as near as I can tell).
Granted ML is out of their hands and I think they are doing all they can on that front, legal challenges over ownership, dealing with a corrupt, non-transparent jurisdiction etc but they have been burning a lot of cash on the drill campaign at a time when it might seem prudent to keep coffers fuller for the war effort.... where is the 10Mtpa study, what is the strategy regarding getting into production other than hope and pray it works out miraculously at the 12th hour between the various DRC factions... they certainly can't do capital raises without an insane level of dilution to current holders. We were led to believe we had support "at the highest levels of government", its very evident now that support does not extend to direct intervention.
I want to believe the burn rate on cash is leading to something and was requested in line with some master plan/requirement just getting harder and harder to stay quiet as a passenger on this journey.
