I think the biggest issue here is how they’re going to raise $200m. That’s a massive chunk and it says at least 35%. That could mean anything, I’m struggling to see how they are going to keep this afloat. Who in the financial market is going to put up that much money. Raising that much capital by issuing more shares is just suicidal for the company. Doesn’t sound like there are many other options. Selling up is one way but that will leave retail invested even more out of pocket
Haha, crud. I forgot about that word.
The more I read yesterdays rns the more I’m losing faith to be honest. Now the sp is so low trying to get funding is going to be extremely difficult.
We still don’t know how much they need but even if we go for the middle guess of around $100m that’s the mc, so issuing 100% of their shares would be the nail in the coffin for retail investors. If it’s $200m we’re screwed. $50m maybe doable.
A mine of this size is always going to cost way more than expected, don’t think iv ever been invested in a miner that hasn’t gone way over the initial costs. From what iv read everything else seems to look good. Long term I still think Hzm are going to pull this off. Anyone telling you this is over have probably sold up their shares and hopping to get in lower. But that’s just my opinion.
https://www.lse.co.uk/ShareChat.asp?ShareTicker=GSR&share=Golden-Saint-Resources&page=5
don't get to caught up. it could go up it could also go down. do lots of research and don't listen to anyone on hear telling you to buy if you are not sure