RE: People confused7 Mar 2023 21:46
They will need to sell 600m shares to raise £6m net ,add on top Tulios 33% will bring hrand total iver 1b shares.We get totally nailed with this.
Let me give another view to show how crap this would be.
Buffalo drill : 840m shares sold at 2.6p to raise £22m for 50% share of 2c 30mbo ,oul price then was $63pb.An expensive ofshore drill .
Rhein drill: 2P 4mbo and 2C 23mbo total :27mbo ,An onshore cheaper drill with $85bpo .
If the bod tbink 1.2p is a transformational drill to sell to me its a con.