From the asx announcement 14/01/2021
Can anyone explain how the below is a good deal and how the company will actually achieve this?
They only have $1.8m in the bank which is enough to keep operations going for the next couple of quarters.
The company only has a market cap of $40m.
The company will issue the below shares to complete the deal to buy the Greenland mine:
So they have to pay another $100K.
Not only that they have to give out another:
150 million shares
242 million options at 1.5 cents
192 million options at 5 cents
Not only that they need to make the below payments:
Very interesting deal this one. Is it good for share holders?
As shareholders you are paying a lot for this billion dollar potential.
Thanks Pokie for pointing this out.
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