RE cap raise and funding - One thing to consider is the strength of the capital markets at the moment and the risk tolerance of large institutional investors who might be keen to get on the register of the company. It is almost certain that if the company gets a funding boost through a cap raise it would be done at a heavy discount compared to the last institutional placement with the share price continuing to fall. Our next major expense is the prototype tank construction and testing to be conducted in Q1 2024 that is actually a JV between us and Prodtex. If you look at the last company presentation this JV is aiming to be funded with strategic partners around the same time before the end of Q1 2024 assuming the above testing program runs smoothly. Between now and then our only other real expenses are feasibility studies for the projects that a known, so hopefully the above mentioned funding milestone of the tank production line is our saving grace from a cap raise at the current share price.
PV1 Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
