Still baffled10 Mar 2021 09:17
By some people’s expectations changing and saying that the goal posts have moved bla bla.
God knows where this new found thought process is coming from because I’m struggling to see it.
Plan was always 60/40 debt equity - that’s c $177m of new equity and last time I checked we were still in H1 ?
$177m of outside investment at a floor of 7.5p and people are re setting their expectations ? Baffled personally lol. Yes we raised at 7.5p as opposed to the 10p people were confident as happening, hardly a bad move when Ni has fallen the best part of 12% since and even if we raised at 8.5p instead, in the grand scheme of things an extra 6m shares isn’t really an issue if it gives us a stronger balance sheet going into talks and gets long lead items on order, small price to pay really! I know with certainty one of the big trading houses is geared up and fully expecting to be trading our product down the line so again baffled by the comments here - have been buying a few more this AM.