Post by
Hiddensecrets on May 07, 2021 12:10am
On CEO it is stated that Hayward wanted $ 72 million
It was stated on CEO chat room that clients of Hayward were told that their amounts would be cut by 50%.
Hayward had asked for $ 72 million in financing.
RECO only offered $ 36 million max.
Take it with a grain of salt as I am only reporting what was said on CEO.
This means there is a huge appetite for RECO but also is an indication that they already know that drill hole 6-1 will be a success.
No one is willing to throw $ 72 million at a companies stock without some sort of assurances.
mpo
Comment by
Sandpoint on May 07, 2021 10:41am
I read that to mean RECAF is confident in a postiive outcome from well 2. If well 2 is in fact positive the the stock price will go up significantly, and they can then get additional funding without having to dilute the shares as much. Will be fun to watch this play out over the next several months.
Comment by
Galaxym31 on May 07, 2021 11:21am
How significantly do you think at 10 miles away ?
Comment by
grenouille on May 07, 2021 11:57am
i like it, but it's pretty thin. a post about a report elsewhere about what somebody (third party? fourth?) wanted. 9