Totally agree ! However, personally I prefer equity dilution rather than debt financing, expecially for a new yet to be proved industrial minerals project (on the opposit side an already established big company with low operating risks would better use debt to expand its operations), and what matters after all is market cap (at 40M$ market cap we are still extremely undervalued compared to the potential of the company : producing and selling 20.000tpa of large flakes premium priced graphite by 2019, not even talking about Andapa (another expansion possibility) or the lithium deposit (it could be a game changer or not).
Regarding the vote : do not forget guys : vote early and NO to equity raise at 1.1c (resolution 7)!!! Remember AGM is scheduled on 28 november 2017.
Interview with Peter Wright from Bass Metals, page-7
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Last
7.7¢ |
Change
-0.009(10.5%) |
Mkt cap ! $13.95M | |||
| Open | High | Low | Value | Volume |
| 8.4¢ | 8.4¢ | 7.7¢ | $10.00K | 126.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 7.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 45080 | 1 |
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| Last trade - 15.45pm 02/05/2024 (20 minute delay) ? |
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Last
7.7¢ |
Change
-0.009 ( 4.94 %) |
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| Open | High | Low | Volume | ||
| 7.7¢ | 7.7¢ | 7.7¢ | 37500 | ||
| Last updated 15.09pm 02/05/2024 ? | |||||
| GW1 (ASX) Chart |