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28/09/23
14:34
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Originally posted by lrothschild
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The low priced options were approved by 99% of shareholders 2 years ago. These are not "cashless exercise" options, BB still needs to drop $21M to get them.
I held VXR (old DVP) for a good number of years before BB took over and founded Develop. What I have observed over the past 26-months is BB and his team can get things moving fast, in terms of approvals / drilling / operations. They can raise money at premium. They can do deals. The company has cashflows from mining services, additional contracts TBA next month. They have mining fleet, access to crew, OEM equipment and finance. BB has the contacts, track record and most importantly MINres on the register. Why would MINres waste their time here if they don't see serious value creation already in the works...
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"They can raise money at premium.".... But they didn't did they.
They want ESS holders to pay a premium at 3.46 a share.