RE: Placing26 Sep 2023 16:00
Yep traditionally Harry gives his mates a mates rate. For instance RAB capital got in at 0.6 when they bunged Kefi £3m. This new advisory company will no doubt be some hangers on who need a brown envelope. Best way to keep them happy is to give them 8m shares at mates rates. Considering there are going to be trillions of shares after the next fundraiser, whenever it is, the 8m shares are considered a small value for such a procurement.
Those diamond drill bits have to be paid for in cash and Harry goes through dozens of them while assessing if he has any gold beneath his feet.