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Only a matter of time i think. Just need some positive news on trials and sales
Management are the only ones to blame. Money will continue to be spent on nothing that value adds while all of our peers continue to progress. One must question managements ability to get this to production. Have any of them done it before. Doesn't look like it. They should try getting better operators involved and start pushing this. I mean there are no excuses now. They have the funds right. NOT GOOD AT ALL.
That person probably got in and out at the wrong time and probably just bitter
You obviously have no idea, why would there be more dilution on the way only two months after completing a cap raise.
To ratify prior issues is standard practice in australia. You only have to look at practically every junior company on the ASX. They all do this soon after the placement to refresh their issue capacity.
Making assertions that more dilution is on the way is misleading.
Well said
Some sort of update wouldn’t go astray. The impatient are selling.
Some big sell orders going through the last few days. Suspect that converted note holder is selling. Probably need to see his shares wash through the system I think first. Hopefully the placement shares don’t just get dumped when they are finally issued.
As long as the study is robust enough, financing shouldn’t be a problem I think. Also the amount isn’t huge by comparison to other mining projects, so I suspect a combination of debt and equity would cover it. Also financing could possibly come from offtake parties. Lots of ifs and buts, however, with the economics that this project holds it’s hard to see how this couldn’t get financed.