Correct Fishies. SPP cant be offered as the company was...

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HeathHedger

157 Posts.

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30/06/22

16:25

Post #: 62301050
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Originally posted by FishiesPal: ↑

very well said HH.

My thoughts he presented exceptionally well.

We've gone from Phil who admits he was out of his league to a guy who clearly knows EXACTLY where he's directing and steering the ship.
A clear leader and who has not only the ability to pull it off, but the previous background and contacts to excel.

Bottom line Knightrider as I wanted to know this too, they were not able to do a CR with shareholders (SPP) due to ASX and ASIC regulations and guidelines. The path the followed was the only path they could take.

I like the fact he is not full of crap and over exaggerated timelines. His words were he would rather err on the side of caution and excel or exceed timelines than miss them.

He explained the reasons for the delay in the BFS. And further explained there is progress happening behind the scenes and when he can update everyone, he will.

I personally took a lot of confidence out of that webinar, so if ppl only see a rinse and repeat, I suggest rewatch it a few more times when it becomes available next week.

cheers

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Correct Fishies. SPP cant be offered as the company was suspended for more than 5 days on the ASX. I also don't think you can raise via an SPP below 80% of the 5 day VWAP.

Hopefully the mood changes soon in here - on a positive note, we were in the green today (unlike most mining stocks). Onwards and upwards..

CAY Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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