RE: Keep going21 Oct 2024 12:37
Have a word with yourself. A placing cannot raise enough funds for a drill, the approved allotment of shares that could be allocated to a placing agreed at the AGM is worth single millions. The drill is double millions.
The only reason there is uncertainty is because the company has not communicated either way, positively or negatively about the exclusivity agreement.
In my view, if it was going to be negatively, it would have been closed by now, the reason it's still open and there was a statement about the carve out for other parties, is because that's exactly what is happening now.
There will be a deal done, what that deal will be, is what needs to be communicated. If there is going to be a raise, it will be after the drill and it will be at a higher price than it is today. AB didn't want the last one, he's not going to do it cheaply next time, now he's the one that would be responsible, if there needs to be one.