"Spending cash on engineering with fingers crossed on financing.'
And every time the share price falls it makes raising equity via a placement more dilutionary , so making financing as a percentage of the project higher , also increases the interest cost on that financing with both the interest% higher and the interest payments on a higher loan amount higher , and the project becomes more risky .
Maybe time to put the project on the back burner or seek a JV partner ?
Ann: Engineering & Design Commences for Sorby Hills Project, page-20
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14.5¢ |
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Mkt cap ! $33.84M | |||
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