The total amount of $4m raised will be applied towards finalising the Ancuabe Graphite Project funding and other project development activities. In light of the Board’s focus of finalising Ancuabe funding packages, some early works activities including the completion of the raw water dam may be deferred to 2019 until financing has been secured to fully fund construction. This prudent approach may defer production to the first half of 2020, however, our assessment is this strategy will ultimately be value accretive to shareholders.
Accretive hey.
google says this Accretive is the process of accretion, which is growth or increase by gradual addition, in finance and general nomenclature. An acquisition is considered accretive if it adds to the item's value or corporation's earnings per share.
I really wonder how this management thinks. wow!
TON Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
