GREY:EORBF - Post by User
Post by
simcpoirieron Feb 03, 2016 3:32pm
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Post# 24521415
News
NewsI know this was mentioned in the last NR bit got to love it. General corporate purposes... Can you be more vague... And plus he says he's happy with the deal. There you go, he doesn't give a rats aaaasssss about a 20% drop in share price because the market capital remains the same!! Why would he care!! We all got screwed..
"The Company intends to use the net proceeds of the offering to advance detailed engineering and cost estimate for increasing the production capacity of the Company's high purity alumina plant to 5 tonnes per day, to commence the preliminary engineering for its conversion of the alumina extraction unit to the Company's chloride-based technology, and for general corporate purposes.