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20:08
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Originally posted by winesy108:
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Agree. Any capital raising will be after the DFS and, hopefully, the BFS (We have 5-6mil left to get us there. cash burn is about a mil a qtr as mentioned in the interview). We should also have BOAs by this stage and there will be plenty of sophs wanting to get in on the action. We have to remember that the SP will be a fair bit higher than it is now, and we don't actually need that much due to the low capital cost of the plant and infrastructure. Sure I would like to get some shares in the capital raising, but they are going to be cheaper over the next few months than they will be when the raise actually takes place. Additionally, in my experience, when Capital Raisings go out to retail investors it often takes so much longer and is too muchh of a f--- around for what its worth.
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definitely not opposed to a sticky corner stone investor , we all know what the ones without sticky hands will do , yes id like to be a part but your right buy more now probably a better and cheaper option , lets see how it pans out , as long as ceos start becoming aware that thier shareholders dont like this bull shit way of raising money with the likes of some to dump on market in minutes
(20min delay)