RE: That's it10 Nov 2021 10:46
It’s not ‘good’ news, it’s just ‘news’. If you think raising cash whilst the s.p is in single digits, for a project in the billions, then you’re easily pleased. Haydn and Graham have consistently told us they know no reason why the s.p isn’t higher at 15p plus. Well lads and lasses, this is the reason why. They previously raised at sub 5p, now it’s 6p, then up to 8p…..8p ffs!!!!
If the BoD’s only values this project at this stage, in single digits, why would anyone else think differently.
There’s also an extra element of caution here. A company comes in, lends money for equity and slowly but surely they lend a bit more, then a bit more, they then own in excess of 51%, oust the BoDs and fund raise into any rise in the sp. It happens a lot my fellow shareholders so be wary.