The problem with paying for Renard in shares is that it needs to...

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IndianaJ

47 Posts.

38

19/09/24

13:10

Post #: 75745097
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Originally posted by stevenjd: ↑

More notes, but again watch for yourselves for correct context and interpretation.
- talks about resource expansion in 2025
(conserving cash with low cost activities in house studies until then)
- covered CFTF for this calendar year, hence preserve $$ until next year.
- actively looking for partners to keep supply verticals in Canada
- regarding Renard option, could pay in shares, so dont need the strategic for $$, under no pressure, while expects to have a healthy cash balance by end of year, and can turn down C&M on Renard (5m pa), but ongoing discussions with strategics , would expect some of those discussions can be capitalized by publication of the study.
- Road funding - critical minerals infrastructure fund, Escam (spelling?) CREE previously applied, expects notification in October. Remain confident there are funding options from federal and provincial government which they may be able to access.
- Processed kimberlite offers many opportunities, high in MgO and high in other potentially valuable minerals = potential to earn while we go through the approvals process over the next few years. (also said other grants to investigate renewables)
- cost reductions possible , grants for clean energy, increase through put to nameplate (remove bottlenecks)
- Downstream users in region, Ford, GM and northvolt (spelling?) establishing battery facilities
- consolidation opportunities for smaller deposits under say 50mt, would seek Hub like Renard.
(which plays into our potential to 2x Plant upgrade )

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The problem with paying for Renard in shares is that it needs to be done at the market price.

Less dilutive if they can raise from a strategic at a significant premium and use that cash as consideration.

WR1 Price at posting: 49.5¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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