Post by
Reidman on May 05, 2021 12:42pm
NR Jan27 No need for another PP in foreseeable future -What?
Wonder what changed since Jan 27 for them to do a PP now.
I bought in a few weeks back with the understanding that they wouldn't...
The Company's working capital is now at an all-time high, allowing Spearmint the ability to work on multiple planned projects throughout 2021 without the need for any additional dilution via private placements. Management has no plans, nor does it expect to conduct any placements in the foreseeable future due to the strong cash position currently in place.
Seems a little shaddy - Hope its for good use. We should know soon is my guess.
I'm not down yet, so I can still see where this goes.
GLTA...
Comment by
stocktrader2021 on May 05, 2021 1:29pm
Next NR may state that Resource estimation require more $$$ and thay have already arranged that thru PP. Think Positive !
Comment by
dothemathpeople on May 06, 2021 7:22am
There is no resource estimate coming any time soon, man you are daft. They have not done 1/100th of the work required to even entertain that endeavour. Were you born yesterday?
Comment by
BearBull007 on May 05, 2021 2:06pm
Granted, running a business is dynamic & things change from time to time, however, in light of SPMT's January NR that there is no need for additional PPs, SPMT owes shareholders an explanation. There had better be a good reason for the new PP, otherwise, the new PP will only serve to undermine shareholders' confidence in the company.