“The Company looks forward to reporting the outstanding results from this phase of the drilling program, as well as commencing with the next phase of drilling. This next phase should allow for the declaration of a maiden Ni-PGE resource statement on this higher-grade Ni-PGE mineralization target and allow for a new PEA with improved project economics.”
Guess this is the plan going forward, see you all this time next year. One thing though do ZBNI still have enough funds or will they have to raise for this? Sorry I’m been lazy and can’t be bothered to look.
No, I did exactly what you just did and highlighted a risk that dilution is a very high possibility due to the company signing a deal that they have to raise $50m this year. You girls all started crying
There’s many scenarios AIM, no doubt we’ll never know as it’s all down to the warrant holders situation. More funds into the company to see them through for a while though, patience, patience, patience and more patience.
Yes it does, if raised the $50m is a fixed amount, the sp is variable. If the sp is lower dilution will be higher, if the sp is higher dilution will be lower.