GW30 Jul 2015 17:32
Already raised £1.4m and most of it taken up by Directors. I believe they were approached by Institutions hence placement for the rest. Board believes the £1.4 million raised will see the business to a position of being operational cash flow positive. There is an offtake agreement in place to take all mined so there shouldnt be any issues getting rid of the stuff. Little Info on Tantalite:
Demand for tantalum is driven by the electronics and technology industries, where tantalum capacitors are used in nearly all electronic equipment and mobile devices. Furthermore, tantalum is used to produce super alloys that can be used to manufacture high temperature cutting tools.
Net loss for the period was £48k and no debt (as far i can tell).
In regards to Profit and volume we will know in next RNS.
At Current Price where most Shares are held by Directors reminds me of BRD in early days when it was 11p. I should held here but got bored.