Raising anywhere sub 2c would be highly dilutive and a disaster for existing holders.
They would be better off bringing in a cornerstone investor with REE experience if such a unicorn exists. Give them 20% of the company for A$1m and that would see us through 2025.
ENV runs on an oily rag. Costs are really low in Brazil.
If they can prove up their resource, and continuing great results indicate they will do so, this thing should fly provided we get backing.
If not, the doomsayers will harp on endlessly as they have nothing better to do with their empty lives.
Rightly or wrongly, I'm quietly confident 2025 will be a company making year for ENV.
ENV Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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