RE: This is the same old Edeville.10 Nov 2025 13:15
The share consideration for the Acquisition of $3.0m, to be be settled on completion of the Acquisition through the issue of 28,640,042 new ordinary Shuka shares at an equivalent to an issue price of 7.737p per share. No with a share price of 4.0 pence there could be an issue here. Then again so will the
is of 2,000,000 warrants with an exercise price of 12.5p.
Not looking good for the vendors. This company will burn through cash and as the price falls things are already looking poor for any funder here. Gosh do they know what they are getting into? This funder is going to want more and more. Little here for the personal inestor except new placing shares with this funder getting a discount to change conditions in its favour. Already this funder is paying dearly by getting into this company.
Company is desparate to get out of the loss making coals busiess and into something more exotic. Now who will pay for all this development? Years and years away from an income this company will fall back on what it does well. PLACINGS....avoid..