RE: Patient Investors, LOL.29 Aug 2021 13:31
Maybe the strategy is to increase share price and market cap over the next year or two like SAR then bring in funding for either 401 or 301 once the market cap and share price is high say 100-200 million. This broker can bring in confidence and keep the price high. Simple strategy which may work.
She made it clear she does not want to do a placing right now unless she has to and that this deal was done to give the broker a chance to make money instead of making it through a placing now.
To me they have a deal but it needs to be confirmed but if it fails then obviously a placing could be on the cards early next year but a deal is very likely for 201 soon but can never be guaranteed until it is done. Very clear.