Ann: Trading Halt, page-97

First 97 Last

Share
Profile

Follow
telamelo

11,229 Posts.

301

23/05/21

08:21

Post #: 53355336
Share

Originally posted by Sjlasx: ↑

No, the fine print on various requirements for drawdown was not released- which is quite normal.

What is quite normal also is for project delays and cost blowouts for greenfield projects.

On that front, so far I think they are at par for the course.

Expectations of fully funded may well have been genuine at the time, but perhaps some overruns and additional customer initiated requirements have meant they did not have the required remaining funds for financiers to release the final allotment. They would want to be quite certain the company can handle commissioning/ ramp up financially speaking.

This current raise isn't massive and given all else, I was prepared for much worse.

This is no single offtaker reckless company. While you may not be pleased with the way they rushed for early mover advantage, potentially passing up better financing options had they waited, I am quite comfortable with the strategy.

If that changes I will be more than willing to rant about doom and gloom. But we are not there yet. There have been far fewer construction hiccups than I expected.

I get there are hopefuls yet to make FIDs that spent much more time getting approvals in place and sorting better debt arrangements, and I understand how frustrated they must be that SO4 will be first to SOP in Aus.

Market can't sustain them all, if SO4 waited they could well have missed out entirely.

As stated I am comfortable with my price average and am yet to be surprised.

Expand

Very well said mate as totally agree.

I'm hoping that with this cap. raising announcement on Mon/Tue that a big crash happens on open so I can load up/average down my holding big time (finger's crossed).

Whoever wants to get out should dump there shares on open so hopefully rest of us may pick up some at 0.30c or lower. Please drive sp as low as possible thanks as I'll forever be grateful.

SO4 Price at posting: 40.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

FFM

Firefly positioned for copper growth in Canada ahead of resource update

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 34 more messages in this thread...

First 97 Last

Add SO4 (ASX) to my watchlist

Ann: Trading Halt, page-97

Top Stories

Firefly positioned for copper growth in Canada ahead of resource update

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News