Boy you are quite annoying with your bitching and whinging. Yes they asked for the cash and yes they got it too..second time they've asked for $100m+ and second time they've got it fully subscribed ....what's that say ? I'll ask again what's that say ???
'Why couldn't they draw the mine on a paper and move their ass and start actual work' - doesn't work like that; RCR Tomlinson would have wanted guarantees of the cash being in place before moving on building the main processing plant; they are the EPC contractor and so do the bulk of procurement And plant items have lead times, of which a large percentage would need to be paid up front from the manufactures; obviously they also need cash flow to pay for everything else. The plant would have considerable up front cost.
Seriously, what do you expect the EPC contractor to say...'oh Kens good for it..the guys on hotcopper say this lithium thing is a real goer and the company will be worth billions next year, lithium is the way of they future; they'll get the cash...'
Business is business and cash is king. Run your business on 'she'll be right' and your sure to go bust.
I'm as frustrated as most with the SP, but hey maybe stick your cash in the bank and compare the percentage gain by this time next year...personally id love to have sold back up in the 70s / 80 range a year ago, but it didn't happen..
Maybe you should sell out and bolt in that capital loss and claim against all your other gains or if you are in the green sell up and buy into the next ' woulda coulda shoulda hindsight multibaggers' from Monday but only heard about on Friday.
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