RE: Safetyman15 Aug 2018 11:56
jaf1948, I was at the AGM with safetyman and Mr Scott. Mr Scott asked about the possibility of further placings and Mr Masterman said there would be none. He also said we have $17m in the bank and fully expecting to have €5.3m from Junta de Extremadura, once the plant is producing.
I asked the CEO the same question three times, including "So, for the avoidance of doubt, there will never, ever be another placing". He said that future cash flow would mean that placings are unnecessary.
We should have $5m per month in cash flow, when we reach ramming speed, equating to about 0.1p/share, every month.