Reading the asx release it says about 40M CDI so that's equivalent to 40M Australian shares right? So quite a lot still.
I guess there is dilution effect. Maybe that's why the cash raise money was at such a low price. Those understood there was a large share overhang?
I did note that their capacity will be way over their sales too. Even as soon as the first line I'm Costa Rica comes on. (20k capacity)
Infact even their Californian line does 3-4000. So let's hope it is taken up as much as we expect.
I assume the second line will be not operational or kept warm waiting for need. Maybe 2019FY?? If you look at Canacord research note that's when they predict sales over 20000pa.
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