Absolutely baffled21 Feb 2021 21:28
By some of the skeptical negative sounding posts, in fact beyond baffled.
There is zero doubt in my mind nor from what my contacts are telling that financing won’t be signed off and achieved on favourable terms. Zero doubt.
I would imagine the run up from early feb may have actually been our HB trying to push the vwap up to get the placement done at a decent price ... which it did.
It’s a pretty dynamic environment and if they needed $10/15m to get long lead items ordered then take that as face value it was done for the right reasons. Very easy for an armchair investor to say they could have raised at a better price, the notion of a PI placement is a bit of a non starter it’s too uncertain and not sticky enough at this stage - perhaps alongside the larger raise later down the line.
Nickel is only going one way and that makes the project economics more and more attractive so as I said on Friday take a step, stop overthinking and knit picking. Rest assured that there is serious upside still to come.