The capital requirement for wood lark is 200 million approx and even if the capital is raised 70 loan and 30 equity.. the amount of dilution to the existing shareholders will be massive. Imagine 60 million worth shares issued even at 10% premium at what price it is now... would be somewhere around 4 billion shares. current shares are around 2 billion. wow. wow. if they can 100% Loan.. would be amazing.... which i doubt even the BHP's would or could get for their projects.
What’s happening!, page-93
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