One obvious modification to my last post.
If KGL does a cr for Andash, then whatever the dilution factor is at the time needs to be allowed for in the price targets.
If the stock is diluted by 25%, a target of $6 would be dropped to closer to $4.50.
That target would then be increased to allow for future earnings from Jervois.
I would like to see maximum possible debt for Andash for the least possible dilution.
Debt will be insured for political risk, and will be paid out very quickly.
q and update, page-31
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