Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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How many units have to be sold or hired to break even let alone make profit,this will set us back at least a year,BUT, the company has always maintained 2025 GLA
12 Million raised to be used soley for units to be sold. How many multiples of that 12 million could they possibly make, perhaps 3 or 4 times let's hope so.
How was anyone not expecting a fund raise when they recently re-engaged with the form that organised previous ones?
I certainly was not expecting a fund raise just yet. Still, its done now and time to move on.
Sorry, what was anticipated about a 15p fund raise? Are you for real?
Sounds about right. I sold most of what I bought at 15 today at 16.
Solid base for the share though. This was basically the anticipated negative and now it's out the way.
Yes why would you buy at 16/17 when everyone should know they will be flipped for a quick profit
Ok thanks for the replies
Was just thinking about the amount of extra shares being issued and the effects that has on the mcap
Why borrow at relatively high interest rates when you can raise equity funding at minimal cost? That's a significant reason for being listed in the first place
AS ably demonstrated by the people on this board who foolishly claimed there would be no need for a cash raise for, at least, the rest of this year the current cash burn is of minimal relevance. Self-evidently the number is rising until substantial hard cash begins to be received for delivered orders.
Banks don't like loaning that sort of money mucksy unless they the have the equivalent as security.
Will someone with a bit more knowledge
Please tell me why if afc have such a good order book and need to fast track why they cannot loan money from the banks .Also what's happened to the 4 million pound gov fund
With the money already obtained from this Placing, and with the money one would assume will be obtained from a fully subscribed REX, added to the last known amount of money that AFC has/had.....
......can anyone advise how many years at current (or last known) annual cash-burn, that AFC can remain cash positive?
Thanks in advance.
20p+ once the vote at the general meeting approves the funding.
It could well go up to 17p or 18p on the expectation that the ii's will vote in their own placings.
The ii's know that with the full placing taken up, AFC doesn't even need the retail offer money in order to complete the fast track deliveries of systems that the raise was designed for.
Gotta try be positive. If this can get those orders flying, generate income, then that SP will start to motor up
Didn't want to particularly, but bought just under 400k in the open market this morning at 15.23p, not least to make the most of an opportunity to average down (now just shy of 20p), but also as I doubted my placing allocation would be fulfilled completely.
Already 'in the money' on those, but as always I'm hoping for a much higher price in the mid-term.
You also told us all that there wouldn't be a fund raise any time soon - multiple times
I did tell y'all...
"Loads of buys since the sellers dried up, now 15.46p to buy. Don't miss out LOL!"
Now 16.24p to buy...
So much for those praying for 12p LOL!
WHAT A FAB... UL.. OUS CHANCE TO LOAD UP....
Bought 20,000 of these this morning at just over 15p, wish I had bought more now
I know, I think most of us will have been deflated by the news. I thought it would be another 12 months away.
I bought in the open market this morning, as it seemed less hassle and ii hadn't sent anything. I'm back in earlier than anticipated, but will now hold for the long term.....again :)
He won't concede anything RH because he clearly thinks him being wrong is impossible. Despite a considerable body of evidence top the contrary. I have indulged although for how many won't be clear until later as there is a possibility of being scaled back. But one thing is for sure, my finger will hover over the sell button to take a profit and I am no trader
Stock - you're saying this as if it's a certainty (free money), which it isn't.
I'm a big fan of AFC and was in for 13 years until recently. While I've picked up a reasonable amount today, due to the price. I think you have to concede, following a lot of hot air from AB and the Meet the Company presentation, this was not expected and is a bit of a blow to all, especially the LTHs.
You've posted an avg of 18 times a day for the last month, whihc is excessive. Most of us want this to succeed, but seriously, please reign in blind positivity and excessive posting.
Tenants.
Thank you for your reasoned response to my question.
I think you're probably right in your analysis.
Jack
AGM : should be used for one thing only ,getting rid of the conmen known as the CEO & BOD ,the contempt shown to private investors over the years is a total disgrace, back stabbing money grabbers the whole lot .