Company funding4 Nov 2024 07:17
So now that is completed all the money from the last raise is all allocated apart from bill on each drill being more than 0.45 million each so wait for wait for it, I’d give it a day or was it two last time before they stick a heavily reduced price fund raiser on shareholders. Market knew this acquisition was happening and all priced in. Market are also pricing in the company needs working capital as entering into a heavy spend period and zero cash until Q2 2025 if any revenue appears from the 5o% acquisition farm in so presumably, probably the company needed this to be signed off before any funding could be signed off. If you get a small spike from new entrants not understanding the situation take it - there’s your exit opportunity. Are you now understandings the big sell off here. Next RNS is going to hurt. IMHO DYOR