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Cashmeoutside

859 Posts.

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13/02/19

13:35

Post #: 37423481
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Originally posted by Denial ↑

I think 1:10 is unrealistic given they originally offered 1:17 (now effectively 1:21 post dilution).

They're more likely to cap the next round at sub $150M (from $113M) as they may not want to use significant levels of debt to get T3 up and running

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Also it’s a script offering so no cash/debt needed - only need cash/debt for the construction of the mine which should be just over $200m and they got plenty to do that.

MOD Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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