I'm feeling a bit more positive about this today. Small Insto capital raising (6m at 3.5 cents) to top up the coffers, we're not skimp through the offtaker negotiating phase (for BFS 1) and get drilling going at LJ and BS pit (both going to add value). Would have been better at a higher price, but realistically how much higher could it have been - 6 or 7 cents? The extra dilution is pretty immaterial at this point - that horse bolted years gone by.
Get this negativity behind us an it should be a positive 6 months ahead.
POS Offtake Agreements, page-5
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Mkt cap ! $11.14M | |||
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