Ann: BFS Update, page-33

@rockofgib

I feel you mate, I bought my first parcel 7 years ago.

Im now holding almost 30 mill NRZOA and 1 mill NRZ.

This is incredibly frustrating, but I think a few realised that once this was confirmed as an IBFS (vs BFS), it may not move the SP much.
We’ll likely cop a hit once we open back up though.

This IBFS, although it can’t be released to market, will still likely be used behind the scenes.

What they now need to do, is get binding offtakes sorted PRONTO. We have a high cash burn and raising at stupid levels is the most frustrating part atm.

I agree this shouldn’t have happened, but this isn’t a result that screams “DOOMSDAY” …. Fundamentals are still the same, although the competence of some may be questioned.

The company needs to have a big quarter, or shareholders are going to get hit with some ugly dilution IMO.

Chin up holders, if you’ve held for 12 months + I’d suggest at least reconsidering the urge to dump now and give up your potential CGT, especially with binding offtakes possibly around the corner. This isn’t financial advice, DYOR etc etc.


Cheyne