RE: Vanadium Prices recovering29 May 2024 10:57
Vanadium Prices Recovering is a long game, short term issue is BMN balance sheet needs cash injection to survive. No one besides SPR are interested in handing over cash to CC.
Funding options are limited... rights issue won't go far enough with market cap at just 16m... a raise would cause significant dilution to existing investors. At current cash burn, raising a few million is meaningless anyways which will only last a few weeks or months. So Craig doesn't has many other options but to sell Vanchem on the cheap which is not the ideal either way. Can only blame previous management aka Fortune for the mess he left BMN in.
GLA, imo,dyor.