Hi John,
The $50 M C/R you mentioned was not a cash loan.....but an equity share allocation to soph. investors via Cannacord.
So NO repayments reqd.
sure we're diluted a bit ... but that's normal for expanding Companies. Overall debt is zilch... apart from 15% off each shipment.
And yes, john , you were right about the Tantalum deal as you posted last month. The plant needs re-furbishing ...
MC didn't seem concerned about it at this stage ..... he said down the track it'll add 10-15% to revenue .
Seems to me we need to give MC & Directors a few months to sort out & optimize nameplate production ..keep shipments of spode. on a regular basis & get merger sorted & keep drilling .
By sept/oct . Market will watch & Analysts will start to run the ruler over Qtry Accounts & realize the potential of this Company.
Just keep accumulating what you can 41-45 -ish.
I'm up at midnite Perth time watching U.S. markets. Zzzzzz..
LIT ETF is up so monday looks good ... G'nite ...
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