perthpest, sure they need cashflow but why kneecap existing...

perthpest, sure they need cashflow but why kneecap existing shareholders. The have put a ceiling of 25million shares for existing shareholders, in other words they are limiting how much cash they raise from existing shareholders. So in effect they are saying they need cash but are not real interested in getting it from existing shareholders, they prefer dilution by BBY.

What would happen if #2 is voted down? Well maybe they might have to try and raise sufficient cash from existing shareholders i.e. not but a 25 mill ceiling on them.

It might also be worthwhile if some advice on how this cash is to be used was given. "cashflow" doesn't cut it. They need to be specific detailing how much they need over the coming months until they receive cashflow from concentrate sales. How much cash burn will there be once the plant is operational?