RE: Placing10 Jun 2024 19:52
Guys, even after 1 year this project will not be monetised. What is raised will last about a year, but before then they will plan an execute another fundraise and placing. Then do another after that. This is Africa. It will bleed cash. And the place where they get cash are from you poor buggers.
The question is at what price is the next placing and the one after that? If its another 50% discount and the same after that, you could be thinking the share price is heading back down to the old price of 0.25p. That is if this well is not a duster and is non commercial as I expect.