exactly! You are nailing it. This is absolutely wrong assumption on how market cap is evolving or how enterprise value / equity value modelling/calculation will be done.
I never got this line of explanation.
nor I get the line of explaining the reason for the capital raise recently. As if any investor would be highly depending on the 20 mil capital injection + the SPP before he throws in 150mil.
in my eyes its a gaslighted explanation for „we just fear that the FID will take longer than expected and want to be on the save side to pay all the bills“.
But I am tired of reading all this. Just execute. I am sorry to end up at the same point I was with previous management. Just execute.
speed speed. The FID silently is delayed quarter by quarter.
ARU Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
(20min delay)