BAT 5.56% 1.9¢ battery minerals limited

This is an indication that management is well aware it's...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 351 Posts.
    lightbulb Created with Sketch. 64
    This is an indication that management is well aware it's virtually impossible to tap equity markets for double your market cap.

    I had hoped we'd get a finance package before the quarterly. Absolutely needs to be before the next quarterly or game over.

    Straight debt isn't going to happen as the risk/return profile just isn't there. 

    I'm largely confident someone will take a punt on us and offer up a package that will primarily consist of highly dilutive con notes (4c-6c) which will act as a drag on the share price for years to come, but if everything else goes to plan will be worth it long term. 
 
watchlist Created with Sketch. Add BAT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.