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1,463 Posts.
2192
09/08/23
08:31
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The SQM deal is pathetic.
It gave away 20% of the company before a single drill bit hit the ground exploring for the lithium - hole 199 was a nickel hole.
It raised just $20m.
At $1.00, we could have raised $78m.
At $2.00, we could have raised $156m.
At yesterdays close, we could have raised $223,000,000.
That would have paid for all the drilling and studies beyond even FID. With no additional dilution.
One is entitled to question the judgement, like Tone's latest interview with Money of Mine.
GLTAH!
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