One of the question that was asked “we have around $9m in the bank, how long do you think it will last?”
Jerko answered (my interpretation so not word for word), part of the funds will be allocated to the 2000tpa plant, and we are still in a good position. He could not say exactly how much as pablo has only done rough figures so they are not in a position to divulge what the capex will be but they think it will be low. If the funds were not allocated to the 2000tpa plant then he did say that we would be ok a few years.
Another question that was asked to jerko was why does he think the SP is so low, and I gathered his response was mainly down to lithium sector and drop in recent prices and also many people selling out around last nov time. He did indicate that the main shareholders were retail and was looking to get instos and sophs investors on board too but that would happen when the time is right for when the brokers buy in. There were a few brokers in the room so Jerko stated he needed to be careful on how he would answer that question lol.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)