OLY 0.00% 4.0¢ olympio metals limited

potential multi baggers zircon player, page-7

  1. 604 Posts.
    lightbulb Created with Sketch. 12
    Sandminer
    Trouble is with OLY that they never mention the money and they do have such a wonderful track record on capital management. This team has form, just have a look at associate NMI. With a current market cap of less than $10m and a share price in the toilet and a burn rate of in excess of $400k per month, they do not have much money left. Having given the shareholders beltings with two rights isues in six months that have blown out the isued capital and reduced the share price from 17 cents at the time of the first rights issue to under 7 cents now, the real question is how are they are going to raise the money to survive to achieve the Nirvana of Kalimantan that you seem to think is so wonderful.
    Indonesia is hardly bankable, OLY's track record is hardly stella and the next raise will hardly be with parties who will be caring about the welfare of the existing shareholders. Will the board's thinking on capital options be influenced by thoughts of the continuation of the highly rewarding arrangements of the past?
    Harts Range is a pioneering project (high risk), Keysbrook is stuck in a WA govt quagmire (take your chances) and Kalimantan is Indonesia(high risk) with the company not owning the resource.
    For existing shareholders, Lotto is probably a better option for making money.

 
watchlist Created with Sketch. Add OLY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.