We have raised $250m this year. Why wouldn't you of released the carbonate PFS (now not a PFS). When the price started going up to get a nice increase on the price and then raise the $300m or so required at that point. SH would of been happy knowing Carbonate is funded. Instead they delayed on the PFS to do the CR for 200m and now we still need funding for Carbonate.
It makes no sense why you would run the business this way and drive down the shareprice for $200m that isn't actually being used to accelerate the value of the business.
And then to top it off instead of just doing the CR and being done with it, they decide to be greedy and need an EGM for the final $30m trapping us in the 18c range for months.
These guys might have a great vision but the implementation at this point gets an F and drops to an F- with their caps in hands for free shares.
SYA Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
(20min delay)