RE: Alien share Price21 Nov 2020 09:07
The need for a placing is hard to call as the money in the bank we have now "fully" funds us with the current business plan..If we decided to change the business model (pretty unlikely) to buy the other 50% of Hammersley and mine it ourselves then the amount of money we would need to raise would be significantly more than the 2m we have in the bank?
As I understand it the business model here is to prove up deposits and the do JV's or sell off to the highest bidder, so surely 2m quid will get us quite far along the road with the current projects before we have to raise again, if at all?
Is the talk of a placing just to spook people out Monday morning so opportunists can get more shares cheaper?