No way they will be able to raise at 4c if they miss these upcoming milestones.
The SP will quickly fall to that level on its own. They will need to offer another 25% discount to VWAP and raise at 2.5-3c.
Things are very grim. And made much worse by management (Lindsay) ramping up his own salary and the board grabbing all those cheap options.
Not many bulls left around here anymore. Just Chuk. Everyone else is very wary. Or keen to just sell and move on
Ann: Results of General Meeting, page-7
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