Ermmmmm, when are these guys uploading the GM resolutions? Probably is the usual boring stuff but might have some clues about the RTO
Suspect most will hang on given the weed sector is making a comeback. MGC bagged a few times so theyâll be expecting that either. We have RTO warrants at 10p so there may be resistance at that level.
All being well you can buy next Tuesday when they return to trading.
Drafty - when you back on Twitter, brah?
50-100k? These are bucket shop placings, you could easily participate with at least a few grand. Dilution is dilution and they've lied in the prospectus about having sufficient funding.
Sorry but they canât hide behind Covid when during this whole time theyâve been giving firm timelines which constantly slip. If they were upfront and said they canât commit because of Covid then thatâs fair enough. Next youâll be using political unrest as another excuse. Youâve not addressed my point about the 12 months funding. Who cares if the funding is at market price, they attached warrants so itâs snouts in trough time for a second time in a month.
They have to confirm they have enough cash for at least 12 months. 2 raises already. JORC constantly delayed and now itâs anytime this quarter. PFS not even started yet. Just another spiv vehicle. Avoid!
I see Capital Metals RTOâd. Wonder how the former MILA directors feel having to walk the plank when their deal with them tanked.
Email went round from the Chairman about registering interest in the fundraise this month as the investor roadshow is in full swing (as per recent RNS). https://www.ft.com/content/8e279a36-8dc5-4810-b690-7394c9a501c8
"New Generation is in the throes of a reverse takeover of London-listed Mila Resources expected to be completed by March and provide a springboard for more drilling at Kathleen Valley." "âWe are not saying we are the next Greatland but we are positioning ourselves as a quality gold play,â he said. âAnd we are going to get a lot of interest because of that.âNew Generation is hanging on to three battery metals projects in WA as well as a 90,000 hectares footprint in Argentina that have taken a backseat to Kathleen Valley.
It is understood the diversified portfolio rankled with brokers in Australia who wanted New Generation to dump all but Kathleen Valley and just go for gold.
Boatload of material on the target, IMs, shareholder letters etc -- https://renewables.webnode.com/lithium/
Accounts usually released by now. Guessing they havenât as theyâre out of cash and need to raise in conjunction with this deal. Last chance saloon.
The old 20-22 Wenlock Road.
Low risk of not completing is what they told me when I asked them some questions on Twitter. Confident indeed.