Ann: Shareholder Update, page-105

  1. 10,735 Posts.
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    I agree about putting things on the table. It's still possible that a CR will not be required depending on how quickly they reduce C&M costs or get to Area 5.


    Also they might have more interest in a Nifty sale now that most broker firms are bullish on Copper in 2020..
    IMO a cap raise at 8-10c with 1 option for every 10 purchased ex 15c with a 2 year strike would be seen as good value. 200m shares at 9c = 18m plus 20m ops at .15c = $3m
    900m now plus 220m = 1.12b at 9c market cap of $100m $18m cash and basically no debts with $5-6m coming in each Q plus sell the Cu and Ni off. Just a thought ?

    ref.
    https://www.bloomberg.com/news/arti...xt-big-metals-trade-of-2020-as-china-recovers
    Last edited by Plext: 19/12/19
 
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