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Daripper

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21/02/19

15:26

Post #: 37518359
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Originally posted by eshmun: ↑

Is my opinion really worthless?

You seem to be the one burying your head in the sand. The oversubscription to the underwritten amount is very minimal, ie only $198,000 above the $5 million. Where does this put the Patersons $5 million top-up offer? to get to $15 million if they couldn't even get to $10 million.

This is a very poor result. Look at the use of funds table in the prospectus to the offfer on page 10.

You've got over $4 million in commitments in the form of corporate and working capital, payments to JV partners and costs associated with the offer.

Where is the other $11 million going to come from to pay for the feasibilty study, met work, resource drilling, pit dewatering, community obligations, environmental studies, plant and equipment, site costs (whatever they are $3.34 million???).

If $5.198 million is all that has been raised this is truly a death by a thousand cuts scenario IMO. Project will go nowhere while directors, underwritters and JV partners get paid.

This is a disastrous response, level of support from shareholders. Less than $200k in oversubscriptions. Underwriters will bare the burden and aren't stupid in my opinion. They will being trying to pump and dump their way out of the mess they got themselves into. Esh

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History shows it’s totallt worthless agenda driven diatribe.
The COY reached a stated goal $5mil, they will continue to move forward from here as stated. Your speculative dribble is just that, “your opinion” ... you really should wipe your chin.

I’m looking for Mgt to make the most of this “unfavourable” CR, moving to positive news flow installing some faith within the “market of opinion” giving SH and others the clear indicators of the path into development and beyond. I note NF has stated the word production in the latest Ann.

AVZ Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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VWAP - Tip comp !, page-120

Top Stories

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Nimy to raise $1.21M to explore 'newsy' WA targets

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Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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