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Gold/Mining/Energy : Zentek Ltd - ZEN

ZEN.V 1.000

0.0%

Dec 24 12:03 PM EST

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From: Del Bocavista	4/24/2024 4:48:08 PM
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At initial glance (and I might well be wrong, probably am). This thing takes a read or two. Initial thoughts: The document via the SEC seems to be clear it's a US$ project, and on a dribs and drabs basis, to be conducted as and when the company wants to issue a tranche of the US$50m worth in total. Each tranche has to be accompanied by a prospectus so we'll know at what price each tranche is offered at. Given the exchange rate differential I think it means a total possible dilution of perhaps 50%-65% but it's not happening all at once. Hopefully it happens in tandem with approvals and other sales and distribution agreements. As we have neither FDA approval for masks, or EPA approval for filters in the US, it seems anomalous if not downright strange to offer shares into the US market, when we have only Medwell signing off on a mask sales agreement. I've got nothing on this. Could it be that we are closer to approvals in the US than we have lately been thinking ? If tranches are intermittently off-loaded into the US market, what is the trigger for US investors to buy ? Could this be 'fund-raise today and good news soon' ? I don't know, but I hope so. PS Steak was right on this fund-raising requirement

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