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chuk

13,690 Posts.

3928

22/02/24

14:24

Post #: 72538098
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Originally posted by Praeliator: ↑

With only $4 mill in the bank, it was highly unlikely that construction could continue (or commence) and keep the company operating before the IDC loan or other non-dilutive funding could be finalized. Nevertheless, it's disappointing that none of the talks about other sources of non-dilutive funding has materialized despite being over a year that the company has been been stated that they are trying to secure. Nevertheless, at the very least they finally made the hard decision on doing a CR, and get the cash now instead of spending a few more weeks waiting for non-dilutive funding or the IDC loan. No one or very few people are content with this decision, but it had to be done at some point.

Since they have some of the funds from the CR, they better get a move on with construction and start posting photos of progress. We are more than likely a month or two behind schedule, and we need this plant up and running for the planting season. It's long overdue we saw some real progress regarding construction.

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I agree with much of your post but how do you figure anything more than up to one month behind given the schedule below? We are still in February.
Maybe a few weeks behind?

Last edited by chuk: 22/02/24

MNB Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change -0.003(5.26%)		Mkt cap ! $46.71M

Open	High	Low	Value	Volume
5.7¢	5.7¢	5.4¢	$41.25K	750.7K

Buyers (Bids)

No.	Vol.	Price($)
2	86104	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	175499	1

View Market Depth

No.	Vol.	Price($)
2	86104	0.054
3	518867	0.053
2	53865	0.052
5	98547	0.051
3	159701	0.050

Price($)	Vol.	No.
0.055	175499	1
0.058	3588	1
0.059	47420	1
0.060	16132	3
0.061	195189	2

Last trade - 15.18pm 13/06/2024 (20 minute delay)


Last 5.4¢			Change -0.003 ( 6.41 %)
Open	High		Low	Volume
5.6¢	5.6¢		5.4¢	194267
Last updated 15.18pm 13/06/2024 ?

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