George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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And being a pragmatist, with the environmental work unlikely to be completed this year, given the fundraise, what will have been achieved in 2024?
Another fundraise will deliver ever diminishing returns, and 2026 looks to be a pipe dream.
I also feel that Bowie was advised that 0.061 was the best that could be achieved by the underwriters, and the SP at the time deliberately driven down by deliberately careless RNS.
I agree... The HFD outcome will be pivotal to both our short and long term future.
I just feel that this current fundraise has been a sledge hammer to what could have been a very small nut in terms of short term funding to get us past the court ruling. Then the outlook would.pook quite different to investors.
The funding issue and the investing issue is connected with the outcome of the Appeal...I don't know if I'm overestimating that or not but it seems pivotal to me and it must surely be resolved in the next few months.
OLLY BOY.....Sarcasm is the lowest form of wit.
I think Bowie is being somewhat disingenuous to say that we have funding options. If that's truly the case, why raise funds at historically low levels, particularly as it's now very clear that we have funding foe a maximum of 12-months.
As for the SDR's, they will get fed onto the open market by the underwriters at profit. They are not investors...
Thanks Eric. More drivel.
Replace “probably” with “possibly”, because I can’t say one way or another. Just musing again.
It’s difficult to be enthusiastic at the moment, considering this is probably the lowest ever fundraise price, but we have taken part in it, yet again, so we must have a bit of faith somewhere from within ourselves. Had we not been hampered by the Sami Appeal, the fundraise would probably have been at a higher level. High risk, instead of perhaps extremely high risk.
I don’t know, I’m just glad that today’s RNS is probably the best outcome for us.
Mornin’. x
Morning Eric. Yes, that's good...I was wondering how it would work, it's arcane stuff to me. I feel like saying on we go then it's going to be exciting but people have had enough of my enthusiasm so I'll try to be a bit more restrained for a bit if I can manage it. :-)
Thanks Suzy. Much appreciated
At least the underwriter has taken SDRs, and not some of the money back that we’ve only just raised. Unless I’m missing something, which is highly likely at this point in time.
Best wishes all.
And its now on the website.
Here you are Wots...courtesy of Andy:
https://beowulfmining.com/beowulf-mining-plc-company-update-following-capital-raise/
Thank you Olly. A good evening to you.
Sorry guys, Ive missed that. Can someone point me to the interview please.
Excellent bant as always Eric
SJ, thanking you. Lol
Probably both tbh Eric 😅🤣
I like ‘rapid’ too, and one day, we trust, they must be able to justify saying it.
SJ, are you suggesting Suzy and I have duff equipment, or are we just duff? 😂
Hi Sj...And it was in my inbox but I didn't see it. So, it looks then as if they like it a bit, even after the six months review. Let's see what happens now...rapidly was a word used in the interview.
Sooz, the posts are weird here on my phone, as I’ve only just been able to view Andy’s link post. Up until then I’d only seen the RNS. Hence why you thought I replied to a post you hadn’t yet typed. Lol. It’s all a bit odd this platform sometimes and I only have a smartphone to view it on. But I don’t like the mobile view so keep in on original website view.
Anyway, I agree with the fundraise being optimistic, but yes, different matter if the Appeal had been dispensed with, giving a positive outcome for the Government. This would be less risky and with a world-class asset, rather than pending a yay or nay with a world-class asset.
I was referring to the poo, not the pig, lol, but I’ll take it.
Thanks Sooz.
It's been there since 7am Suzy lol
Eric, how many sheets you lost on this rubbish?