Golddigit, I hear what you and Flaming say, but my thoughts are:
- Funding form cashflow looks hard as you say - and potentially leaves us adrift if an unexpected problem crops up and there is no gas in the tank.
- Who wants to be in hock to banks. Been there, done that. Debt is the riskiest gamble of all.
- Dilution of IMC Resource fund holding – no dilution for them if they take up their rights.
- And if IMC have no money, get worried as we are in for one of the other unpalatable options.
- Until there is a clear plan for funding the new plant configuration, the SP will languish.
MOY Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held