It's all about how you frame it.
There was a cap raise because we could not get finance. We do not have finance now, because we can not get finance.
We are (literally) funding everything from the current Plant 2 operations and the market hates it. $1.19 now. The market hates that if anything goes slightly wrong we will have a cap raise at under $1.
I feel a manager that did not want finance was not competent.
There is no plausible reason why you would reject finance. Remember we have taken finance from the Pref shareholder.
The only reasons, we do not have finance are:
- Not approaching the right institutions,
- Rejected,
- Unacceptable terms.
All in all, it's quite disappointing.
It's all about how you frame it.There was a cap raise because we...
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