The latest placement is the second within six months on very advantageous terms for the recipients, & not the existing shareholders.The share price has already been depressed & I cannot understand why the existing shareholders were not asked to participate. Also, I would have thought that any smart MD would have increased production to get any extra required funds from cash flow. Cash flow is alleged to be $40 million a year from 500,000 tons, & at this stage we are woefully well behind on the first year. Presentations say we will process about 77,000 tons each 8 weeks. Are we being fed manure?
The latest placement is the second within six months on very...
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