Hopefully we dont go for 90% of Trinidad, so we wont need all...

Hopefully we dont go for 90% of Trinidad, so we wont need all that money.

All companies leak. There wasnt a sell of. sp was strong, so the outcome wont be bad. But I cant see a way for sp to go up raising that kind of cash.

My guess is SNE style cap raising. ie:

Share consolidation. Maybe 30:1

Shares have been 0.3c-0.4c

1 new share would be 9c-12c

Placement to Tony Sage at 10c, followed by big rights issue also at 10c.

Without a share consolidation, I think we fair much worse. Nobody would buy serious amounts at 0.3c, because you wont be able to exit. So the cr would need to be 0.2c

The 25-33% down/up swings in sp make it difficult to raise money without a consolidation IMO.