RE: Day 43 in the Kibo RNS dog house;3 Feb 2020 19:43
Aerial I have added as much as I dare and have reduced it to a touch over 3p. However we have to assume 2 billion shares now as any rise to 1p+ will bring the warrants into play. Therefore it’s then a question of whether we can hit £60m market cap before that 2billion rises to 3, 4, Or 5 billion. If we have raise say a mere £50m through equity to fund one of the African projects even at 2p (which sounds ridiculous but LC appears incapable of doing a sensible deal on anything) we are looking at 4.5bn shares in issue. And although I want to think the best of LC I once held shares in an iron ore business in South America and it was sold off on the cheap with directors receiving more than other shareholders (honestly), therefore I am half expecting the same again.