Winnifrith30 Aug 2023 18:20
I don't subscribe to Winni's Sharepoopits, but I keep getting emails trying to tempt me. I can see his headline, basically he appears to be running along the same lines as Lulu.
Serious question to any of the knowledgeable folks on here.
Has anyone got experience of the outcome of the type of financing that this company entered in to? Clearly, the case in favour of the asset keeps on improving, the list of impressive independent experts confirm what the potential is. However, the funding required to take the asset through to production and self sufficiency will be huge, David Hobbs adding to his holding is good reassurance to my eyes, so why then are the sceptics inferring a nailed on failure? Anyone who has been through similar circumstances would do us all a favour by describing how it panned out. I recall GKP, where the cost of getting going almost wiped out early investors, and similar with SXX, where the need for cash meant holders got smudged by the yanks. My own holding has been long term, and is at a very low average. If David Hobbs' stated ambition is realised, my return would be pretty epic. But we aint there yet.