GREY:NMKEF - Post by User
Post by
Tcheckon Nov 28, 2019 11:07am
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Post# 30402001
Tentative deal xplained
Tentative deal xplained - They seek and will need shareholder approval for the deal. There will and must hold a vote to get the green light.they will go in front of the shareholders .no secrets.
- they want existing shareholders to participate in the rightsoffering at 25 cents a share.
- 600 M looked for .we talk a creation of 2.4 bn shares .
- cost overruns due to detailed engineering cost increases.everything much derisked going forward. No surprises expexted from now on ???
- iq approves of the deal as it is formulated and structured
- we are able to produce quality batterygrade lithium contrary to many ch producers .
stay positive there is reason to be .
based on the facts a price under 25 cents is an aberration.
questions
- what about the financing through bonds that fell through ?
- What to think of past agreements ? Are they tying us down ?
Gb interview tentative deal