Post by
longrun86 on Aug 30, 2023 10:16am
Timeline for Financing
In the press release announcing the financing Management indicated that they would not be providing an update on the financing progress (which I understand).
My sense is that the financing is fairly intertwined with the offtake agreements and that there may be some government grant funding for this project. I would expect that we should hear something by mid-October. Which would have given them time to land on a financing structure and solicit term sheets.
The question to be answered will be that of valuation and shareholder dilution. I am cautiously optimistic about this and it has been a long time coming.
LR
Comment by
Niceneasydoesit on Aug 31, 2023 10:45am
I recall management gave themselves options to purchase stock at a .50 strike, so I'm thinking the strike or less offers good value
Comment by
SimmsandKings on Sep 24, 2023 9:42am
Incredibly dissappointed in the lack of news. There's no dynamism and I believe the reason for it is far too much has been delegated to outside consultants.