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10:11
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Originally posted by mondyinvest:
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I understand people are frustrated but this sort of stuff doesn’t make sense. Canaccord isn’t getting “more” or getting “a bigger position”, they don’t own any shares. The Marcus Padley post in this thread explains it: the model for brokers is uber simple: they post bullish notes and price targets so that the company uses them for their next raise. When they conduct the raise, they earn some fat fees. Occasionally with some truly dreadful raises, the broker might earn some options so that’s something to look out for, but it hasn’t happened here. The broker will help the company get a guide for where the deal will be priced based on interest in the market (much like a real estate agent will provide you a price guide for your house) – but ultimately the market will decide the raise price.Imminent for Local Sales’. Almost six months to the day nothing has come through yet, although JP did say in that video “we applied for the permit a month ago so we expect to have that approved in Q2 next year and construction should begin thereafter” . I can only consider that the purchase of long-lead items means the company believe the permit is in the bag, but it also means that they'll almost certainly have to raise again this year.
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Fair shout Mondy.
(20min delay)