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logical negatives., page-47

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Bonehead1000

3,690 Posts.

17/07/14

09:52

Post #: 13672119
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Originally posted by nordesmic ↑

Welcome aboard Whisky. Given the director purchased his $30K mostly at 8.5 cents he probably doesn't expect a capital raising at a lower price either.

As I posted earlier on, even $10-15M raised at these prices would ruin a lot of the hard work done by the company. I expect there is probably around $5M in the kitty at the end of June with the TT T3 payment. That theoretically should last until a financing package is agreed (assuming they stick to the timetable of December, a big assumption).

I do see a possibility of an interim cap raising if a financing package take longer than expected, and they usually do. That could be through means other than a new share issue such as a small off-take deal.

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Very good point about the director buying Nord. It does look like he has some confidence that this is cheap and is unlikely to get cheaper through a discounted placement.

KAS Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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