Capital Raising, page-48

.


BB I understand completely what you are saying, there was always going to be dilution for the project to move forward, and @ 5 cents I think it is still over priced, but without the latest 20M generosity you would be struggling to even be in the game. Just a little correction, it is actually 400 million at 5 cents.

BB You write: "This is controlled by Chinese interests now." From seeing the ease of the latest 20M raising it leads me to the opinion that NTU is run by some individuals that could sell ice to the Eskimos.
imo This raise is not the last in the dilution, and should the ATO reject the other half of the R&D claim, that would be half of this raising gone, which would then leave only enough $'s to continue on for ~5 months.

It amazes me how a 400+ million dilution to this stock can be viewed as a positive, especially when there has been no indication to the market that this venture can even stand on its own two feet and be cash-flow+ to then support it being financially viable.

Must be getting close to the 250 million poured into this venture so far. I reckon GB and team must be laughing their heads off with this latest raise, because they know, and that's why aren't digging deep themselves and tossing in some chips. imo of course.

Browns Range RE was born from a price bubble, and sold to the gullible on the fairy tale story of high Dysprosium Prices will be coming back.
Iva gotta get me some of those special NTU DyNdFeB magnets, I just cant find em, but hey as NTU have said "Dysprosium is an essential ingredient in the production of DyNdFeB (dysprosium neodymium iron-boron) magnets used in clean energy and high technology solutions."



.