It’s not up to Flanagan hence he is out trying to sell his wares overseas. It’s clear that unless he manages a Hail Mary announcement that the options will continue to be out of the money. Then the only option will be to either hit up shareholders for more funds or hit up sophisticated investors for more funds (either of which will dilute the shareholding base and need a steep discount to VWAP - perhaps a 1:1 raise at 5c a share ) can’t see BAT getting a loan in any form from any provider.
The reality is regardless of the projects potential upside they need the cash now to monitise any of that upside. It’s good to have loyal optimistic shareholders but to think Funding will be no issue is nieve to the extreme ....
BAT Price at posting:
7.3¢ Sentiment: None Disclosure: Not Held
