"The project remains contingent upon the customary U.S. Government approval for such aerospace initiatives and this is expected to be received imminently."
"The Directors consider that it is appropriate to undertake the Placing at this time in order to provide additional working capital to support the Company's anticipated growth as described above."
This is the problem with having already so many shares in issue and a huge retail investor base that many make stupid predictions of 50/60p blah blah blah and are completely out of touch with reality.
This needs a lot of money to get to the point of actually being commercial, lots more wells to be drilled, so expect more placings on top of the numerous placings already done imo
If I didn't know better I'd say yet another placing is being worked on based on previous patterns of SP trajectory/trades and the fact certain people who seem to say they always take part in placings after the fact have gone extremely quiet (Andy/Blowster nudge nudge wink wink) π
Hope I'm wrong, still have a decent amount in here but just going to ride this one out to the bitter end, either way if they don't deliver something by September I can't see the bod keeping this gravy train going as we will be below nominal price and can't see there being much more appetite for any more raises.
About time you came out and said something eh AP if you want this outfit to survive π€
It's now not a case of if they ever get a major on board to develop the copper, it's a case of they most certainly will now with this agreement and possibly in a shorter time scale than I was envisaging.
It's now not a case of if they ever get a major on board to develop the copper, it's a case of they most certainly will now with this agreement and possibly in a shorter time scale than I was envisaging.