Post by
drunk@noon on Apr 22, 2021 12:02pm
current shareprice is case in point
They raise a measly 3 million and now there is no point buying as their is endless supplly at the price of equity raise,
Now, managment isn't giving any indication of the cap ex to actually build the project--have no idea why they can't give a rought estimate--or point to a project of similar size/type along with what their cap ex was---have no idea. Anyway, be it 10 million,20 million 50 million. I have no idea. So when it comes to financing the project itself, new equity will be issued at lower than what the shareprice is trading at at the time of issuance. So owning shares until the project is financced--especially when they doln't tell you the cap ex of the project---makes very little sense---others than a small position.