RE: BEN RNS: additional 1,200 acres16 Dec 2021 13:20
There are many reasons to raise funds, not least farm ins acquisitions etc etc, you need funds to do this, they have raised a substantial amount of working capital to accelerate given plans, not least today’s news, expect more of these plus takeout agreements in the not too distant future, you can get places a lot faster with minimal dilution with a capital raise if you have clear vision and interest from neighbouring acreage, I’ve managed to accumulate 500k in Ben, I’m happy to give them a year and see how quickly they grow, the only time in the last 2 years where I like to here the words EXPONENTIAL GROWTH, good on you BEN onwards and upwards
A lot of bens initial raise will have been committed thus far, any extra chips raised will help the mgt speed the process up, when they are churning out the cash they can do a number of things, for example share buy backs……..what Ben takes with one hand, he give th back with the other