Share
11,249 Posts.
lightbulb Created with Sketch. 29638
clock Created with Sketch. 28/09/21
10:29
Share
Originally posted by Bails27
↑
This is the reply i got:Hi Xxxxxxxxx, Ireally appreciate this email and support mate. Absolutely feel free to share. This raise came very quickly as Institutional investors wantedinvolvement, hence the quick closing of the book. Solid Institutionalinvestors, a top up considering we are adding extra rigs and we keep goingthrough the winter and expand our environmental studies, as a company we needthat financial comfort while we work at monetising some assets. we need tomake these decisions, a slight setback, however, gives us a safety net not tolose any momentum over the Christmas period. Wehad/have many mandates of debt and other equity with options attached whichalso cause a lag. We need to look at this rationally (although we all hatedilution) it is only ~5% dilution however gives us that safety net that faroutweighs the dilution from a risk management perspective. Aimis to get back as much data as we can to squeeze into the Korbel resourceupdate to increase and get as much into indicated as we can for the scopingstudy. Excitingend of this year and next coming up. Appreciateyour support mate even through these sometimes difficult decisions we have tomake. Kind Regards,
Expand
I'd prefer NVA don't put any drill holes into Shoeshine and Train until they have done more ground exploration and an IP survey. I see IP survey as the priority as it should help with identifying drill targets.
(20min delay)