RE:RE:RE:RE:RE:RE:Tough TeermsNot a hater but we need to see this latest development for what it is. After all this is not an investment but a speculation play on a pre production company.
Its not 14% but rater 14% + 5% fee = 19%. Quite high is it not? Add 9.9% for the warrants further dilutes the retail shareholders position.
I too am not a hater and fully understand the challenge of attracting funding for a pre production company that has not yet proven they an deliver. Risky but hey, high risk perhaps high reward. I am hopeful management can execute on this strategy flawlessly as any missteps will very likely be detrimental to the SP. Add to this further funding will certainly be required to advance future exploration/exploitation drilling and facilities construction as any profits from initial production will be washed away in debt servicing.