Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Did you just admit that 12p is not this month with that "be patient" comment?
For what its worth, mostly everyone on the forum is perhaps amazed why its not at 12p already - simply no trigger for this to go up.SF likely wants to frustrate minority and buy out everyone at a low price
They have made it clear that the options are A) $50m raise or B)11.5% dilution through issuing warrants and that the board thinks option B is more likely outcome "as of 31 Dec. 2021". When the stock trades under 5x earnings,you can accept a 11.5% dilution?Logique?
I suspect mcatee is taking off/selling today :)
If this stock hasn't "taken off" with this news and visible numbers,I don't think it will take off unless someone takes it out.I have been saying this all along that the numbers are already known to the market.
@ amtec - 50m raise isn't happening.the board seems to be leaning into issuing warrants - thats ur worst case scenario.Also net debt was 371m as of 12/2022 and they have already collected cash worth $30m since then from the 2021 receivables. So deleveraging is happening at decent clip
I know this is difficult for you to comprehend what you read, but I am gonna suggest it anyways....
The share price doesn't matter, its the discount/premium at which you place that determines the dilution. GMS priced the previous raise at a whopping 50%++ discount, which meant dilution was huge. Price could be at 15p and they can price the new shares at 5p and screw everyone