GREY:ABGPF - Post by User
Comment by
scappellion Jul 10, 2016 11:44am
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Post# 25039141
RE:RE:FT and all that aside
RE:RE:FT and all that asideI believe their reason for that small raise was to contine moving forward without causing major dilution by doing a major financing. Raising big money would have to be done with first republic I believe and that may have been what they were trying to avoid. I think there is some truth behind the manipulation of the SP.
We have seen 2 lithium deals with companies that don't even have a PEA so there can be a deal for ALP without a feasibility study. These guys know what they are doing, the management is the best in the space with the most experience with value added graphite. I'm sure they know what they are doing and we need to have faith in their approach. If they weren't confident they would not of invested their own money.