The company announces that it expects to have signed a production offtake partner, possibly within a week, but
probably up to a month and the share doesn't even trade!!
Besides the GBP55m debt already secured, WLF says it expects to get another GBP15m - 20m from the offtake partner and then plans to raise between GBP30m - 35m in a share placing, with the balance of funding (some $5m - 15m coming from existing shareholders.
Implies that the share placing will be for around up to say 50% of the company which implies a major cornerstone investor(s).
What am I missing?!
The company announces that it expects to have signed a...
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