The kod paradox.13 Dec 2019 18:43
It makes no sense to raise any funds now at this level:
1) If BA is confident SC will help with providing funds to build the plant, why not add two years operations costs to the target funds and we don't need any cash till we start production and get revenue from lithium sales.
2) If SC is not confident, then why BA is talking about SC willing to fund production in every investment presentation?
It makes no sense for SC to sit on the side and let his share of kod be reduced to nothing unless they are going to participate in this fund raise, but they can't, as they have little maneuver left before they have to make a bid.
so what it is BA? put kod in the freezer till SC return to their senses, or accept a lithium bid and start with gold assets?