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Ann: HyEnergy Meteorological Mast Operational, page-55

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luisguapo

14 Posts.

09/06/22

10:48

Post #: 61912431
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Originally posted by mondyinvest: ↑

Yes, good question. I bought a small starting parcel on 11 August last year but sold it only two weeks later after the director sale I alluded to above (https://hotcopper.com.au/posts/55491254/single). On reflection it was probably too early to enter - I was working on the basis the Scoping Study would have a fair bit of flesh on the bones and would come sooner than it did. So from here what I'd be looking for would be certain stages executed:

MOU turned into a definitive agreement with TE
Definitive agreement would need to have a clear roadmap/timeframes and clear breakdown of cost sharing
PFS to follow with some specific financials, notably estimated capex - IMO one thing that's bound to happen is that existing PRL holders will get diluted by further capital raises, the problem we don't know is by exactly how much. Hence I don't see the benefit in sitting in this too early.

So that's where my thinking is and why I'm still following the story. Just my opinion, I'm flying a bit blind here as this is the first non-deposit 'resource' stock I've ever followed - so take it all with a big pinch of salt! Cheers

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Interested to hear why you think they will pursue further capital raises when they appear to be fully funded?
PRL Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
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