RE: Pump30 Sep 2024 10:45
Ouch.. and more understandable why that raise back in July was at 1p now, at least.
Hopefully they can turn this around.. including the Rare Earth Mins potential opportunity on top too .. but getting a bigger and bigger ask now, I get.
At least Directors - and absolutely not least McMaster - are plenty aligned with other shareholders, especially also having taken their owed fees as equity back in that July raise.
(I cut and paste from that July RNS here: .....That has raised gross proceeds of c. £425,000, and the settlement of c. £575,000 of director / company secretary fees, through the issue of, in aggregate, 100,000,000 new ordinary shares of no par value at a price of 1p ("Issue Price") (the "Equity Issue"))