Hole in one. Well said Berocca. Ticked every box and exactly...

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brunod

418 Posts.

931

12/03/24

19:14

Post #: 72855571
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Originally posted by berocca11: ↑

I don't necessarily agree with others here re. the Capital Raise size and timing.

My priorities for raising capital are:

- Minimise dilution - raise what we need and can with minimum discount at the right time. We are sitting on two potentially compelling bits of news flow from the Flourite PFS and Lead drill program. Each of these items has the potential to significantly move the SP north. I'm happy to wait for this news to hit before raising more than we need. Look at what our ex director Stu Crow has just managed at Lake resources 39% discount!!

- Bring in the right shareholders. There are some bloody terrible cap raises happening at the moment. Companies with out the knowledge and experience are desperately placing shares to flippers at a significant discount. The SP is decimated as a result of the raise price and flippers actions. We don't need to do this, we need to place our shares to INVESTORS, building our register with quality partners to leverage on in the future.

The market will have confidence in a company that can raise money in a controlled manner at minimum discount. If we were to go for a big raise for the sake of it we would have to price accordingly - once we do this once the market would expect this every time, making future raises more difficult and dilutive.

I'll be interested to see how this pans out and not disappointed to see if this raise doesn't take us further than 6-8 months down the road giving the PFS and Lead drilling time to progress so long as the discount is manageable and value adding partners are brought in.

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Hole in one. Well said Berocca. Ticked every box and exactly GW’s mandate.

Let’s not underestimate the head winds facing the critical minerals sector globally across lithium and nickel. The LKE raise a shocker.

Whilst context different interesting to hear today that the largest bank in the US, JPMorgan, had its CEO (Jamie Dimon) say that rates should be kept higher in the near term to ward off the inflationary effects on economies spending billions of dollars on the green energy transition! Point being the money must and will come for the sector as we do embark on a sustainable green transition.

TVN Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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