Cannibas, page-38

"We have mining assets that we like but we just couldn't get support for them, so ultimately what we're looking to do is invest in something that the capital markets will support."

And there it is. A clearer statement could not have been made more clear.

"something the capital market will support"

It' not about what is in the ground. It's not about growing something to help people.
It's about finding something the "capital market" will cough up money for.

Not about production. Not about driven management with skin in the game. Not about people with a passion and belief in what they are doing.

It's simply about finding something the "capital market" will provide cash for. An investment company.
And just like every broker. For by doing some. They get  facilitaion fees. Consulting fees. Employee benefits. Commission. Salary's.

As for this.

"Patersons Securities head of research Rob Brierley expects more to follow suit, with more than 800 juniors currently on the ASX all competing for the same small pool of funding.

"There's far too many small mining companies around, they're trying to reinvent themselves and what better way than in a new risk capital market such as biotechnology," he said."

This is Greg Bandy of RMP. (Okap)
Greg Bandy of OQY. (Formally Mortior energy how sold the TT project to Range resources. (All Okap)
The one you will see on many Okap companies top 20's including CTR. An Oiler that just announced they are now recycling tyres. (You just could not make this stuff up)

They have had a great little money go round, going for many years and you can bet they had something to do with the $500k raising and are holding shares.

Listening to these guys is like listening to a drug dealer telling you how good drugs are for you!

Once again. If you invest in this before a 2.2b dilution event and a planned consolidation. You come squarely into the "fools and their money"

All my opinion. Do your own thing