Only 3 weeks ago20 Nov 2020 15:34
It’s only 3 weeks ago that AP said this in the RNS about EOI letters.
“ Today's announcement is also further evidence of the Company delivering on what it said it would do, namely, advancing the commerciality of the Lixus asset and generating value to shareholders in the process. This is an important first step towards securing financing for the project and we look forward to updating our stakeholders on further developments during the remainder of 2020."
That, to me, does NOT suggest he has any plans to raise funds at this point in time, no matter what the share price is this year. To say only 3 weeks ago that they will update Shareholders “during the remainder of 2020” then hit them with a fund raise, would be absolutely ridiculous imo. They have also talked about putting “fizzle in the share price”. Again, I’d be surprised if that was by way of a placing lol.
IMO the BoD will be aiming for something to be ‘firmed up’ or ‘tangible’ before year end, to at least double the SP from this level, and lay a solid foundation before even thinking about going to the market for additional funds.