As I said previously, Green River would need more capital for operational expenses above what many here were saying, there was never enough cash for the ramping up of processing of the brine, that is logical sense.
So glad that the cap raise was only for 5 million plus another 2 million from share holders, 8 cents sucks a bit, could have raised at a much higher price if management had acted sooner.
So much for the illogical 2 to 3 million a quarter spend that the main contributors on hotcopper were saying, it was always clear that operational explorational expenses would be way more with two sample processing plant being operational, a lot of safety protocol employees and other associated costs would also have to be put in place, I also suspect that a few drillers may also have to stay on site during the sampling phase.
ASN Price at posting:
7.9¢ Sentiment: None Disclosure: Held
