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clock Created with Sketch. 13/09/21
22:24
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Originally posted by investthis:
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Where did everyone think they would get the finds from? Even if we hit every milestone AND a homerun on the commercialisation front - we will still need funds in the future. If that's a surprise to anybody then I'd suggest their grasp of the reality of things is missing.The company is in a trobled financial and strategic position so it's desperate times. We messed up in going India but I still think worth the shot and luckily this wasn't one of the businesses where I went too big too early. I suspect that's why some here are angry and I get it - you have that right and it sucks where we are. Tell your family that COVID stuffed your investment here, if you need to save face, but it's time to move on. Would YOU support the company's financial needs again? - you probably demonstrated your reluctance during the last SPP - How many did anyone buy in at the last offer? exactly... I didn't either and I'm still hopeful of success.I'll repeat my comment from months ago and say they should've done a 1:50 consolidation not 1:10, to allow for this growth over the next 2 - 3 (hopefully) years. Then we could've at least appeared to new investors that we were just starting out.Middle management talk?.., yes. But c'mon, we need funds to operate. We're not sinking 5mil every 12 months into a drilling campaign - we're already building the demo plant. This will be used to sell the company and Aust brown coal. If intelligent discussions override the issue-motivated economic saboteurs who want to shut all coal industry down - then we might end up being perfecrly positioned and at the ideal time.I've lost track over the years but is there anyone else doing this currently. I understand earlier concepts have been tried by bigger companies in the past and they didnt work out. They did attract a hefty financial commitment back then so it shows the Chinese at least will spend money in this space if Aust doesn't.
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