I'm feeling like Nostradamus ...
Just a little over a week ago when the Niska PFS was released, I wrote in part
Oh well, a piddly little raising ... but that's OK ... don't particularly care for the SPP angle (OK for me but isn't really fair to longer term holders ... renounceable rights much better)
So I get to "expand" my estimated FY'21 balance sheet a little more. Just putting the finishing touches on the overall model which I'll share later in the day.
We'll see if MT has pissed off any retail holders by the strength of the support of the SPP.
@pabs ... are you going to walk on water to deliver an ass-kicking for unnecessary dilution ... it is necessary of course for the pilot plant and that may be ahead of schedule. No real issue from me other than the focus really needs to be on the off-take agmt and asset sell down IMO (what is referred to in the preso as "Partnering Process") ... which I'll explain further later in the model.
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