Even 100% dilution now raises only $37m. That's not building a mine. It may take 5-10 times that if a pilot plant and DFS allow progress to that.
So I'm happy to watch now until Quantum show evidence whether:
- they are good for the money they already owe Besra
- those trying to redeem their 5x and 10x leveraged products can do so in-full in a rising market (see ysaudrey post last Tuesday)
- those leveraged products are actually hedged
- they can open an Australian bank account
- there's more independence on the board
- there's an independent and proven CEO
- they can drill and hit more gold
- there's some progress re a pilot plant
- there's clarity on where things stand if they go belly-up
All this on the back of Bennett and Seton being ousted is just too co-incidental for me right now I'm sorry. I post here now to raise and seek answers to this other side of the coin. Afterall, it's a forum, not a cheer-squad.
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1 | 3621 | 0.091 |
1 | 100000 | 0.090 |
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1 | 14850 | 0.088 |
Price($) | Vol. | No. |
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0.096 | 154140 | 2 |
0.099 | 10000 | 1 |
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