RE:RE:Question
I think the Rohm target price of $12.94 CDN is interesting in that they have arranged or participated in some very large deals recently. CK admitted to me in an email that a financing is inevitable in 1st half of 2025. They will be completely out of cash (and I mean COMPLETELY) by end of 1st quarter. Clearly that cannot happen and financing will occur in 1st quarter, probably by Februar 15. Common sense and basic math skills tell you that. NFG will have very large cash requirements going forward. Even at current burn rate we are looking at $85 million or more in 2025. That at a minimum has to be raised soon. Odds are very strong we might finally see some biggie stepping up to the plate here. That could be the catalyst we need if it happens. Sure do not want to see another ATM or flow through here. It was surprising to hear ES publicly place blame on previous Chair! CK may be largest shareholder but his shares mostly came from founders shares at virtually no cost to him. ES has been source of 80% of their capital raised to date! That is astounding and clearly he has had a huge say in the "new direction" the company is taking! We may see some very interesting developments soon!