I’m not trying to help! (or hinder) A $25m mc co raising $40m...

I’m not trying to help! (or hinder)

A $25m mc co raising $40m for capex is a big ask. I’m not confident debt financing is realistic to cover requirements

Rovira says a decision to mine Oposura will be made befor 2020? There’s 8 quarters til then. Far longer until any mine is constructed and revenue forthcoming

This company spends cash quickly ($2.1m this current quarter alone), where is the money coming from to keep the party going?

And this doesn’t factor in the current state of finances. I’m sure even you’ll agree a cap raise is needed in the very short term

This is why I foresee dilution. I’m not miserable (I have no sentimental attachment to this stock), but yes I’m pessimistic about it’s future