Looking at the table above, the diluted share price at the completion of the recapitalisation would be approximately $0.316. Below is the formula.
Whether the share price will reflect this at the resumption of trading on Monday is everybody's guess.
But the facts remain that the Project, despite production delay to Q3 2021, is unchanged. It's not like there is less Potash than originally anticipated!
Another fact I found interesting is that certain contractors have opted to be paid by share options at $0.15. This for me is a huge vote of confidence.
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Looking at the table above, the diluted share price at the...
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