farmer4ds : you wrote "We needed the $8M and DM has successfully organised that with Bell Porter the finance company. Within 8 hours BP has successfully raised $8M, yesterday.Yes, we get the share dilution - but is there a better solution?"
On the first part Sam, this hasn't been announced yet and could possibly be considered by some as privileged information. Don't you think it is a bit rich that you know say this very detailed information is 'your own opinion' ..... it is just not good enough and once again leaves me with a bad taste in my mouth. How am I supposed to know IF anyone is getting early privileged information that would enable someone to get ahead of the pack when the time comes ??? Very nice of you to share this information on HC, but for other people not on this forum they would be disadvantaged ..... if in fact it is true........ we will find out very soon how accurate your GUESS is ...... we will have a better idea about who you are and your psychic abilities.
One the other point : "Yes, we get the share dilution - but is there a better solution? What about a short term loan facility for say 7 months ...... We wouldn't need the full $8 million and gives us time to get the PL6 results and (hopefully) a big lift in the share price before we do a CR. Yes the interest rate would be high but even at 20% I think we would be far better off ....... and wouldn't have the same level of dilution.
What do you think of the alternative ?
4DS Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
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