GREAT ......... we ARE alive and looking forward to the golden days ahead.
U always have to pay the devil a little bit of yr soul to keep alive tho.
Have no probs with dilution on this basis .... just gotta buy more to keep the equity percentage.
Only Q is what are Blacks going to do with their "fee" ... will they dump for cash or will they hold for the fundamental VALUE development a million ouncer can give in a rising POG macros backdrop ?
If we end up with 500 mill shares we are still talking a many multibagger upside from these levels in a rising POG and realisation of project .......
Personally prefer a pro-rata rights issue as priority ... newbies can always underwrite and would get plenty, but shareholders should be given first crack at it !!!
Happier Jan
IMBOOC
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