so peak you've had a peak and it's a placement[probably os] and a SPP at 65 cents for Aussie holders. That for $11 million?17mil Shares right? $11 mil is about a Year's Cash burn
This is truly pathetic of our Dick Caldwell,a supposed 'expert' in financing start up ventures. 65 cents is a price within a continuation gap formed on thre 'confirmation' that TATA was still "In".We've just been bombed back to the level Before such "Good" news.
This is not toooo surprising considering the complete lack of Explanation even any Publicity about the development of TATA product. Now we've got all these supposedly eager ADR buyers probably up for a 20% discount [75 to 65=20%].We also have the possibility of a General Market Correction that could well take DYE back to the 50's.
Dyehards,Is there nothing really Significant about the Tata product?Does it generate insignificant power output on a projected cost basis? Why aren't TATA/Dyesol PR'ing this factor? If this is such a major breakthru in Tata's future steel making,why aren't they vigorously promoting it as such?
TATA's PR seems as bad as Dyesol's.
You know what we're in for? Bleeding DYE coming out with some Results from that CSIRO collaboration which will still be Lab not Realworld but DYE will hand out some shares to the CSIRO cos that'd be 'sweet' to their fellow boffins.
Dyesol Management is refusing thru PR to package their Act.Give context and projections that are Significant. No basis for Anticipation is being PR'd which considering all the background green palaver going on worldwide is...well really poor. DYE PR can't even come up with Hope for the Future using the popular press.No they just put out smug,maybe this year piffle in boffin,specialist press and blog spots and then expect to get quarterly cash burn[their fees] capital from the Sophisticated.
Look DYE hasn't convinced a single Green/Ethical Entity to substantially invest,not a single institution holds 5% or more.Aren't these the most sophisticated investors?Aren't they the ones who can do Deep Research into the science of DYE and it's prospects?
triage,I really hope you are attending the AGM. Also I'm hoping peakmastery is Wrong about this garden,common variety Cap Raising and the announcement has some guts,gist,some bleeding HOPE that sunny days are really near for Dyesol. How about TATA contracts for a Million Litre[whatever] Supply over the next 2 years!!!
a farce bordering on tragedy is the DYE play of the moment.
GSL Price at posting:
75.0¢ Sentiment: None Disclosure: Held