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I like they way its attempted to be conveyed at a good thing because the placing is at a premium. In reality they weren't getting that placement away without the warrants, who is going to buy into a placing at a premium in a company that hasn't seen any shareholder return for the last 4+ years
I wouldn't be surprised if they claim they had to drop the deal to meet financing terms. Honestly think the company could have gone in a must better direction if they focused on BP instead of wasting time, money and effort chasing failed diamond ventures
Don't listen to the ramp crew that have arrived because the share hit the top movers on LSE (painfully obvious by the vague ramping posts after never posting on the board before today)
LC is a conman that can't get anything across the line, POW might be able to keep the drilling programme afloat but the gold tailings is dead in the water despite over 12+ interested debt partners at one point.
Death spiral finance potentially replaced by more death spiral finance, if they can even get it across the line unlike the last "T1" bank.
Don't get me started on the pitiful production results, remember the quoted figures of "profit by month 3".
people were saying the same thing 3 months ago and they are now all under water, what makes you think the next 3 months will be any different? 65% down if you put your money in November, even more if you've been in longer.
Atlas controlled assets by the end of Feb.
Avoid this share like the plague
While I understand what you are getting at, the value of an asset would never be truely reflected in an MCAP of a sector with poor sentiment, making all calculations null and void.
I can guarantee NCM or GGP will not be taking it into any sort of consideration.
I don't see why GGP's mcap comes into consideration for the 5% option, its 5% of the mine, not GGP. GGP is worth what the market thinks it is worth not what the mine is worth. GGP already have a number in their head that they think the 5% is worth and we'll find out soon enough