The cap raising is one thing, it’s now up to PB to convince the market that the Saudi off-take is not a pipe dream.
If he gets that right the market will soon forget about the badly timed cap raise.
Look at AMD, they’re in the process of a cap raise at .1¢, yet it’s trading strongly at .4¢. That’s because David Flanagan joined the board and all of a sudden the market is starting to believe in their flagship asset.
Market sentiment towards PB isn’t great, but that will all change if he manages to get the Saudi’s onboard.
The cap raising is one thing, it’s now up to PB to convince the...
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