RE: Profit Taking4 Jun 2021 02:06
Spev are you serious, no significant news in the short term? Vision Blue have further investments rights amounting to an additional US$9.5m, comprising US$7.0m which it may make within three months of receipt of the Consent and US$2.5m after completion of the Feasibility Study.
The Consent covers the issue of up to 88,588,805 shares within the 12 months following the date of the Consent. Accordingly, it has been agreed that any further investment of up to US$7.0m which would come prior to 19 August 2021 will also be made as a direct subscription for ordinary shares where to do so would not trigger the requirement to publish a Prospectus.
So Mick might be investing a further 7M into FAR, and that could/may happen by August. Were now in June, that's only two months away. Some very significant news to come in the short term if you ask me.