Cynic says an equity component will make up a far greater proportion than suggested.
Optimist says because there are steps after financing Monte Stage 1.
There's going to be a re-rating on the back of any financing deal. The stock will then likely settle into a channel until production if not waiting until breakeven cash flow. Priming the market like this might put the company in a position to quickly raise funds for B1 or M2.
The board have made mistakes in the past but I don't think they're stupid enough to be jetting around to conferences while financiers are trying to get them into meetings. Point taken on the travel costs. You have to compare travel costs vs cost of having managers sitting in an office with nothing to do.
BAT Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
