Ann: Phosphate Fertilizer Project Update, page-77

"The SP is at 5.5c because he failed to raise a single dollar even after all this time"
Are you falling for Merchant's brainwashing?

Past capital raisings paid for 5 years of product trials, a scoping study, a DFS and importantly, US$16mill of expenditure on long lead plant components which have been paid, manufactured and delivered to site.
The company also raised $6mill last month in a capital raising (granted at a low price with options) and secured credit approval from the IDC for US$14mill.
Saying that the company "failed to raise a single dollar even after all this time" is so completely wrong and misleading.