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LT & Co… there’s around 60% PI holders here… you should all combine and get a few smaller II’s on board to call out an EGM. Ultimately you all own the coy and therefore should have someone on the BOD to oversee PI interest. Or even change the BOD to a more pro active select.
The deluded on here still dreaming!… this is going nowhere , my suspicions are Sepco cannot deliver therefore Brad & Co will just suck up the remaining cash in the big gravy train, whatever they are doing for it actually beats me,,,unless someone can explain why they actually get paid such high wages… what is it they all do.?… they will run down the cash and let it go to whoever on the very very cheap… PI’s shafted here.
LT,, think about it here,,, look at the real facts... delay, delay, delay, arrests, delay, fund raises, 3.6 billion shares in issue, dilution after dilution etc etc.. No investor presentation s, no Q&A, no nothing and all cash now being used on wages for doing very little!.
Hey - your choice.
LT, TBH,, do you not get bored waiting for news here?... Like I said earlier, you should go for companies with proven & competent BOD's .. I.e Zioc, Kod..... Without this long awaited EPC (which is now looking very dubious) I cannot see any real value here.
LT, Like I say, i will make a decision once all the red flag questions have been answered.. If all ok and things do come out positive then buying at 1.5p and holding for 10p is still a good investment. 1.5p would be a major leg up and would be the max from here until further news.
On the flip side, negative news will see a 50 to 70% fall.
If as,,, ATG suggests... The designs to date are faulty and withdrawn then it's game over imo... $250m down the drain, this would/could also explain the constant EPC delays and problems with the Minister?.
With all the required finance supposedly set to go then there can be no other explanations ,,, other than PowerC not really being able to construct the mine or a flaud design concept!. Normally it would be the other way round I.e EPC designs complete then funding, with funding being the main obstacle normally?....
This would also explain the silence, no updated presentations or investor relations participation. Big red flag here !.
Allthatguff, in reply to your post - also, look at Zioc and Kod!.... PI Investors fully informed and respected.
LT, you do realise that a consortium allegedly offering $1.8b in a time frame of 6 weeks to a mine licence holder who somehow....yes somehow.... Cannot secure an EPC after over a year is rather fishy?.... Why would a coy need to dilute PI's any further also.... Especially when that sort of finance is readily available.... Go figure!