RE: Fully funded, tonnes of cash to develop the mine, a gold field close to maiden value, a market cap less than the cash held in the bank and posts as if you think it was a doomed share - unbelievable17 Nov 2023 08:24
Market cap is less than half the net value before the cash landed because we now have less than half of the most valuable assets. Hainan are now in control and if they want to inject cash to bring forward the flotation plant that will be another $150million, if they want shares for this cash there will be at least a doubling of shares issued. Hainan don’t need a high share price to raise cash, which is usually the only purpose of a company being listed on AIM.