RE: JUMP IN11 Apr 2019 08:41
Proposed Transaction has been agreed between Pathfinder and General Jacinto Veloso who, with his family interests, is a 50 per cent shareholder in the entity to which the Licence is currently registered. In parallel, the Board is evaluating, and is in active discussions with regards to, potential funding strategies (including both partnerships and debt provision) to facilitate the Proposed Transaction and finance subsequent development of the Licence. The Board's objective is to deliver meaningful value to current shareholders and minimise future dilution.
Some trying to talk it down, dilution coming, this that.
Its a £6m mcap, what do you think they're gonna do, issue shares to raise £742m lol. Stop being stupid (I know you're not really, you just want to get in cheap).
They raised and participated at 30% premium, granted options at an even bigger premium. And paying in shares to conserve cash. Which idiot is taking 'worthless' shares at a premium instead of cash.. Unless, they're worth a lot more. They won't even make profit on them before circa 3.7p. So they must expect it to go higher than that. A lot higher in the future.