RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WSJ araticle regarding rare earthsjrhjr1127 wrote: It does seem to be progressing. But the money is not peanuts to Ucore. They had less than C$1 million at Sep 30. They buried low within the recent press release (Jan 11) regarding the extension of the 2020 convertible debentures the following:
In addition to the amendments of the terms of the 2020 Convertible Debentures, the Company hereby announces its plans to complete a non-brokered private placement of new convertible debentures for aggregate gross proceeds of $1.5 million (the "Offering"). Proceeds from the Offering are to be used for general working capital purposes.
So they had to borrow another $1.5 million at 7.5% to continue operations.
If DOD has validated their support, the money needed is nothing. You guys keep overlooking the big picture potential. So many companies wish...their Capx was only 30 - 50m for being a breakthrough tech
$$$ amount @ this stage is no worry to me personally...
Lynas would've thrown a company party over these types of numbers....how much spent & still no Heavies