Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
If this project was goimg to create employment for up to 4000 people then the 500m needed if funded by HMG would be far less than the unemployment benefits and they would pay income tax. Big win and much better way to use my income tax
Not sure if I can find a positive in this at all. More dilution and the only cash generation will be in the interest which will no doubt go to directors renumeration. Pretty clever way of getting salary without doing a standard share issue to raise funds.
You won't like this then.....
http://poundf.co.uk/lloyds-share-price-forecast
Unfortunately found after I bought more.
Even more interesting
https://www.investi.com.au/api/announcements/emh/97c0ccb7-59d.pdf
Has there been any update on this?
Over the past nine months the Company has made excellent progress with the construction of the Plant. During November 2018, the technical team completed the front end of the plant comprising the two crusher units, screens, a ball mill and conveyors. This section has been completed and successfully commissioned in December 2018 and has an initial capacity to process 10,000 tonnes per month. The back end of the plant is due to commission in the next week and initial production is scheduled to commence shortly thereafter.