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.
