cap raising, page-5

Anyone actually planning to take up their SPP?

I'd consider it if they weren't making such a loss on the vermiculite, and if they ever actually answered my enquiries to explain why their sale price was only $250/t.

But I'm certainly not giving any money to a company that won't even answer shareholder enquiries.

And I simply cannot work out how they can ever turn a profit from Namekara if they're only getting $250/t for it. It doesn't matter how big they make the tonnage, they won't bring production costs down low enough to make a serious profit, especially not since they will need several more major dilutions along the way to get to 130kt.

All in all, I agree with croc72, time to put this mangy dog out of its misery.