IMO hard to get enthused...
Can hardly believe they are even going to IPO with this.
- Huge number of shares & options makes starting value more than RWD!
- Options available at $0.20c up to 2022 - hardly incentivising
- Vendor performance shares have hurdle of delivering PFS by 2021 - a mile behind established peers which means uphill battle to establish market (if they ever make it)
- Loan Shares & loans to MD in the words of BDO review "the holder.....is protected from downside risk" meaning the MD has no risk, just the coy & shareholders
- Miserable brine concentrations
- Enormous salt to potassium ratios
I'm not a RWD fan but I'd be buying them before throwing a coin this way. Other industry peers miles in front and far better investment risk IMO.
DYOR.
IPO - Trigg Mining Ltd, page-6
Currently unlisted. Proposed listing date: WITHDRAWN