There's an awful lot to digest here... Chill has probably best assessed the situation in recognising that the -ves inherent in a fair bit of dilution. Equally, availability of the funds and DOE interest are v big ticks.
SP is always going to reflect the CR ascribed value, so the price fall is not a surprise. Given the convertable notes could finish with 2c shares (based on VWAP discount formula) a SP b/n 2 and 2.5c is likely (hopefully nearer the top end). The SP should, however, start rising once the duct settles and the good news sinks in. The DOE interest has especially sig upside IMO and we shouldn't forget the improving uranium position in the background.
On balance, I'm looking to use the oversubscription opp to sig'ly increase my interest in SHE, and with so many irons in the proverbial fire, my opinion is that there will be a marked improvement in SP sooner rather than later....Pt
SHE Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
