Ann: Share Placement to Advance Kupang Smelting Hub Facility, page-78

Let s put a few numbers together to see where we sit.

Not including proposed $6M CR or current options
SOI: 1,336,583,000
This 15% placement: 204,600,000
Total SOI: 1,541,183,000
Say MC of $40M (30% discount to current level), would equal SP of $0.026

Including proposed $6M, no options
SOI: 1,336,583,000
This 15% placement: 204,600,000
Proposed CR for $6m @ $0.015: 400,000,000
Total SOI: 1,941,183,000
Say MC of $40M (30% discount to current level), would equal SP of $0.020

Converted options would of course dilute even further.
Just need to decide if short term news flow will be positive and lots of it. Otherwise take the pain, move on. Perhaps management can use some of the money to attend a few negotiation and communication classes, to say they need it would be an understatement.