I too believe that DNK will go a lot higher than the 84.5c it is right now . All broker analyst reports rate it well above $1
In terms of E25....at just $1 with 9.5M shares that is obviously = about $9.5M
Now that is good money in anyones language...and even if it goes to $1.20 we are talkng about another 2 million dollars.
Perhaps the most imprtant thing to keep in mind is that E25 have shown a very strong resistance to capital raising which is wjhy there are still only a tiny 83M E25 shares on issue. The float was 70M and they have only done a CP once of 13M shares.
Therefore, I think all of this talk of a CR coming is incorrect. Sure if a cornerstone investor comes along like a JP Morgan etc they may take a chunk of money, but in my opinion it is more likely that they will sell off a chunk of DNk to raise the capital for the PFS and then maybe some moer for the DFS.
Lets face i,t they could sell a million DNK shares to fund each of the PFS and DFS and stll have about 7.5M shares left.
Despite some tough years over moer than a decade, to their credit managagement have held stong and not diluted the company much at all, and i expect that to continue especially whilst we aer in a stronger position than before.
E25 Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held