Dates to remember:
webinar 7th of October
end of placement shares 21st of October
We are currently unable to break the 16c cap however have huge support under that.
The DFS is the ace up the sleeve that I believe is finished, just strategically waiting final sign off. How many companies, mid cap raise, have a huge kicker announcement that is due to drop which is unrelated to the raise ?
personally I believe, there is no rush anymore. We arn’t waiting for results from the lithium project to progress the company. Use the announcement to get the price up to entice holders to buy the placement shares... that requires timing. If it comes out and the share price runs, there will be draw back due to this 16c price.
The webinar timing is the surprise to me. I would have preferred to have it on the 14th to reduce pull back before placement closes... either way I believe the DFS will be out Monday or ... in true BGs/MLL fashion, Tuesday next week.
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