A year later5 Dec 2017 19:33
I expected this to be 5-10p by now and have an asset or two under the belt, come on A team sort it out.
"Project screening and due diligence Q3/17 � Q4/17
Deal execution Q4/17 � Q1/18 "
massive chunk of the shares owned by the major shareholders
31,250,000 in warrants at 3.2p
1,382,488 in warrants at 4.34p
Options at 2/4/8p
Raised �2.27 million before expenses @ 1.6p
Main listing
Mcap of just under �3m
I was trying to wait it out till the details on the asset purchase come out but im getting tempted to buy again, mainly because of the cash in bank to mcap, my brains yelling at me "even at �1.5m cash its over 50% cash to mcap now!" i know potentially this cash will be spent on the asset (or on debt repayments if they are working on a big finance deal).
- its been a while and I cannot remember do they still have a finite deadline to make an asset purchase / RTO? was it 6 months after the main listing so around ~18/3/2018?
- also i know the copper one went and its not in the bods interest but do PERE still have the stake in the lithium licence?