Placement5 Jul 2024 07:01
I have twice said there will be a Placement and I expect it to be soon.
Three points
1/ES in his interview twice said that they will need to fo to Shareholders, albeit with the caveat that it would be supported by Management which didn't happen with RE
2/JAY will own 51% of DISKO and go 50/50, as it stands, with Kobold to fund drilling. That's going to be tricky without going below 51% so a raising looks likely to me.
3/Nothing doing on selling any assets , and with the new He find there are now only two for sale.
So, there's going to be Placings.
The point however, is that the potential of Disko is so huge Placings are largely irrelevant. That's the point people miss.