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Register for free and select the company. Check out recent meeting. Goto q and a sections. Where people ask about non dilutive financing.
You will find it.
After this have a look at resent results rns's. Do search for word convertible.
Happy to help
Foul play could include
Stating no placing multiple times. Then doing one
Doing one on one calls to assure investors while knowing you have severe cashflow issues.
Trying to get a convertible done while stating no dilution planned.
Feel free to go by the headlines. But they have told you they need capex to get production up. You might get lucky and graphite prices spike but sadly this is not a case of just increasing output
The board is hiding from shareholders. Until they man up an explain their actions in detail. Impossible to buy.
Huge overhang now because nobody trusts them
In the last interview when asked about 1500 the lady just deflected. Even if you breakeven you are stuck.because you need concentration units to get higher output.
Bite the bullet and try and find a strategic offtaker, which is the approach every other company has taken
Because shard were hired to do the convertible. It was in the results
Probably they put effort into it, company would not adjust the pricing so they walked.
This is same thing. Trying to find new shareholders.
Problem is ceo has never hit a target so people dont want to give cash!.
Review it
1. Vague rns on market
2. Detail of high grade product but small volume
3. New ned makes tiny purchase
The we appoint broker when short of cash. Last time we did this it was to attempt convertable.
Signs are there. Just remember, review past videos and watch ceo almost laugh he would not do dilutive equity placing and then do it.
Do you know the history.
Sashir did around 4 interviews saying no equity dilution.
1. Appointed broker
2. Released in results in back pages details of huge potential convertible issue ( by mistake). Then played off that is not equity dilution it is convertible
3. Then broker quit
4. Then did equity raise.
The ceo said no equity raise until blue in face and did one, while trying to line up a broker to do convertible at better rate
Sorry if my opinion came across too strong.
Having spoken to ceo i think the dilution is really at forefront of his mind. And i agree he is quite experienced in finance ( if you check his bio).
Good that you keep me thoughts in check. Only death is 100pct certain!
I am 100pct against additional spending in africa unless we split african assets and indian assets.
The dilution is too intense. 10pct dilution for say 2 m usd. Could cost 100m usd implied on court case at end.
There is no way you get invest 2m usd in mining and make 30m usd, let alone 100m.
The mining assets have value but they need to be segregated.
I think the ceo knows the return on investment from the court case cannot be matched by traditional mining investing in drilling.
I read rns correctly.
It is similar to last appointment. For broker who tried to issue and converible and then resigned in a matter of months when it was not executed.
Each to their own. Wishing everyone luck.
I will monitor and happily enter if they do raise the money.
I am only interested once they prove they can get cash
I mainly asked about the deposit. It is higher than quoted 6.7 as more drilling made it to 7.2m oz.
Additionally it is open at depth.
From what i gather could easily be 10m oz, so very economic.
I think the ceo understands the cost of dilution and it is very important to minimise it.
My personal view ( not from call) is we will need more capital to keep the lights on. But there is not a desire to run up unnecessary expenses.
I avoided anything price sensitive.
As i said.
Appointing joint broker so looking to raise equity or convertible.
Same when they did last time, and they noted convertible in accounts. The convertible raise failed and the last broker resigned.
This was reason for so many rns