RE: cash burn and placing4 Nov 2020 09:48
Great buying opportunity with the small window under 1.40p for a while
1.37 to sell and 1.44 to buy and you can dummy sell 500k shares as well unlike my other PM shares which all go to NT to sell
Placings, it is an interesting and emotive subject
Personally when the SP is in a position of strength i can see it happening
The placing money from .55 is all spoken for - Mexico drilling programme and Australia POW's
Money gets spent quickly and with Greenland, new 117sq km in EH and if we are to drill out the Iron ore then we will place again and i think not to long off
The quicker Bill wants to run the more cash he will need - victims of our own success
Importantly this in my view will happen nearer 3p so minimise dilution. He will potentially have investors wanting a way in and he would nave no choice but to take the money and speed up the body of works, JV them off once assets are validated for a high price then obtain new projects
Its a great model
GLA