A few things
1. Targets point to significant future upside at Lynas find-sounds terrific
Only issue I have is that at $1 our market cap will be $450m,without anymore cap raising,which we are certain to have
The reason why slipstream and Asgard are selling is to free up cash because when we hit a JORC of 15mt they would have received another 60 million shares as well as their 40m options,
And they have 100m shares they have already been issued
That's a lot of shares
I see why they gave the Tenememt away
They can sit Bak,let DKO do all the work and make 100s of millions of dollars
IDE be selling as well if I was them
We also have another 70m in performance options as well
This does seem like a lot of shares to come onto the market over the next 18 months but I'm positive the resource we have will prove up greater than AJM at a Better grades than PLS
I won't be happy with DKO proving up anything less than [email protected]% in 18months
We will be a $2 stock in 12 months
Ann: March 2016 Quarterly Activities Report & Appendix 5B-DKO.AX, page-5
Add to My Watchlist
What is My Watchlist?