I was just surprised that with the subscription deadline looming that the company has not given any indication of where the money is coming from.
IMO the phrase "financing includes debt and equity sources.
Bass is going to subscribe for shares in a company listed on AIM that has shares in a company with Cg Projects. Bass will not have access to any cash flow other than via dividends.
It's also interesting that for an investment in a producing operation they have not provided any detail on resources, production output, operating costs or cash flow.
I had thought the most likely source of funds would be a placement, but to raise $1.1 million is in excess of their placement capacity without SH approval. So just don't know. Maybe some kind of merger or corporate deal to give Stratmin a dual listing?.?
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I was just surprised that with the subscription deadline looming...
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