Sorry to see you go mefish, at least you picked up a 10% profit. On the subject of capital raising, there are no guarantees ordinary shares will be issued. VRM may opt for debt, convertible notes or perhaps something else. I know I would given the heavily depressed share price, $344 mil Ammaroo NPV and up-coming news. Let's see what happens.
Ann: Phosphate Offtake MOU - Ameropa Aust May2018, page-9
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