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16:21
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Originally posted by chelkn
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Hi daning, the odds are that they may reach production with Marcus at the helm. But it's still not absolutely certain by a long stretch. However I don't think that's becoming the real problem. The real problem is the amount of dilution we are seeing with such little progress. They've basically just been paying for administrative costs and some limited drilling programs up to now. The expensive items (not included in Capex costs) are still to come. At what price will future capital raising be at in a jittery market and how many more shares will be required to reach production? That's becoming the real issue (problem). As mentioned in my last post, they could easily surpass a billion shares on issue at this burn rate to reach production. Perhaps many more unless something presents itself out of the blue such as outstanding drilling results from Juruena ( Borborema is drilled out). Or some great news from CAS's lithium assets. Unless something like that happens I can only see sub ten cent trading.
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Have you emailed or spoken to the company of the latest CR? It's still assumption about AIM listing that this is because it won't be as successful as anticipated.
