I'm confused by the timing and need for the latest CR, as I believed we had more than enough to see us through to the completion of the DFS.
It looks like the additional $2m was part of the original agreement.
These conferences were presumably booked months and months ago, when our financial position was far from assured.
Fair enough, I get that.
So are they in Singapore and Hong Kong to hook a few more instos for some more petty cash, adding yet more shares to the registry?
We need finance close to $600m, not petty cash.
Is PB trying to add to our financing options while he's there? Makes sense to do so.
But it plants a seed of doubt in my mind, as to the need to do so, with the existing pencilled in deals with Woojin, Posco, Hyundai, Gunvor etc, seemingly about to be inked in.
I guess I simply have to trust in our management at this critical juncture.
Fireworks within 3 weeks, one way or other.
TNG Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
