RE: This must be the pre buying to pump and dump placing7 Dec 2023 13:40
Jaggles - You raise legitimate questions re: funding and a placing is always a risk with miners with no income.
However, I believe GR's hesitance in the last interview when answering the funding question was down to the Canmax situation/Decision pending.
I imagine he doesn't want to talk about anything until RNS'd.
Prem will not pay Canmax the 1.5m if all working capital is needed to get the plant into production - would be marked as 'no cash' available. I believe this to be why he didn't answer full flow.
As for the next option, can't see Canmax taking shares at a premium to the value of 1.5m.
I believe they will abstain and take equity in Zulu if necessary.
Canmax will not want to effect the supply chain of Spodumene from January/Feb
However this could all change if a new agreement inc. wider EPO is in talks.
Just my opinion.
Ricky