First Tidal Acquisition Corp T.AAA

RE:RE:RE:RE:email from kelertas re: dilution

[bashertrasher1]

Although the inflation rate in Ethiopia may be closer to the 10% range, the FS was done in USD and therefore inflationary pressures will be at least partially offset by the rise in the value of the US dollar vs the Ethiopian Birr over the last two years. Inflation is the reduction of purchasing power of a given currency. Since the FS was done in USD, it is the reduction in purchasing power of the USD which needs to be considered, not that of the Birr.

Popeye82 wrote:

moneyhungry87 wrote: It is possible though that the figure needed could be higher than 640 million bc that figure is over a year old and yes there could be inflationary pressures and cost overruns thats the nature of mining. however the opposite could be true, with ICL on board and via efficiences maybe itll cost less than the 640 million.

I think it's one of "theee" questions, on which I wouldn't make any definitiv statements, and later blame me.
I'd say the 'range of possibilities is pretty' big, and beeest case there could be pretty little(not sure about right translation) left, to finance via new shares.

moneyhungry87 wrote: 1% per annum? the official govt stats for the core are 2% and the govt stats purposely understate the tru inflation rate its actually closer to 10% than 2%. why do you think gold miner etc can;t make a profit at $1300 gold? cost inflation is the #1 problem facing mining.

As far as I know ethiopian inflation rate is veeery much higher, than 2%(I've posted an article last year in a german board, but don't remember the right number at the moment -I mean was north of 10%).

Reards
P.