Reasonably Happy5 Mar 2019 17:23
About today, it was a big slice of the company issued to Sanderson today, but it does put to bed the short term funding issues, you don’t get anything for nothing in this world. The biggest aspect of today is that the shares are ‘locked up’ with a ‘cornerstone’ investor so they aren’t ‘coming to market’ and we have avoided the horrifying ‘death spiral’ funding such as VAST have had to take (never works out well), so on balance I think this is good, the market obviously agrees. It also goes to show you just how enterprising our CEO is, it actually never fails to amaze me how he ‘magic’s’ up funding like this, we are lucky to have him IMHO.
I would agree with the common sense posters on here that this looks likely to be packaged up and sold (Chinese or Arab IMHO). Fine by me, any sale would be multiple of where our MCAP is and would be welcomed in terms of cash injection and an exit of Tanzania.
Now on with Bots, Moz and U.K please LC.
JD