Ann: Successful Completion of $47M Share Placement, page-90

thats our saving grace isnt it! that this gets taken over very quickly. the longer they drag it out the worse it will be for us imho

i too once had hopes of a takeover at $4-5 by 2024 or 2025, but that is just a pipe dream now. currently, we'd be lucky to get taken out at a $600m MC valuation. the delays have cost us big imho

they started announcing the delays shortly after they banked the $75m money from last years placement. not having enough contingent concentrate to feed through the pilot plant testing last year cost us our spot in the queue. then we had to wait until BSX was finished. (you have to ask the question why wasnt there another lab we couldve used?) i think this all goes back to not having the right skills in place at the right times eg metallurgy skills. everything else went pear shaped after that and here we are today still with no DFS and with all the money from last years placement burnt through

anyway, this is my opinion only based on my reading of the company announcements. others may see it differently