Ann: Pause in Trading, page-205

Are you guys even trying? Literally have run out of things to troll about?
I try to not 'attack' down rampers because I like to see a balanced board, but please tell me how a tranche payment with option to be converted to shares at a premium, is WORSE than a typical approach to capital via CR at a Discount.

Stop trying to twist words and math to confuse people and seed uncertainty, if you could just plainly answer why it's worse than a CR, that would be good - otherwise you two are just moaning about dilution which is completely commonplace as we all knows, and if this is how you react to capital raising and dilution then I have absolutely no idea why you invest in specs, maybe you don't, which is fine, but please don't pretend to understand spec markets then - this is not a blue chip stock and cannot operate on internally generated revenue to fund operations.


Thanks for converting to USD for us, very profound observation, slow clap etc., but here's some actual useful information I think for the readers to digest?

VECs Deal
$5m USD tranche = $7.06 AUD = at 10 day VWAP 25% Premium (let's assume 2.2 , too lazy to check, but it will be thereabouts)+ 25% = dilution at 2.75c = ~258k dilution (not 331, nice try, but bad math).

Now let's compare a CR, this will spark debate around what a discount would be in reality, but in a slow ector, beaten down stock that's down trending, as it currently is, you could expect a CR of 1.8 and wouldn't be surprised? Maybe even low, but let's assume this is a fair price that all sides of the debate can agree.

Standard CR
$5m USD = $7.06 AUD = dilution at 1.8c = ~392k dilution


392 - 258 = 134k dilution reduced through good negotiation, and good negotiation achieved through a position of power and leverage based on the prospects of the company and the project, which whilst majority retail may fail to understand or simply not be aware of, does not change commercial realities and RvR for real world money to flow.... Also consider it would be in the best interest for them to see the share price get beaten into the ground, because it is effectively giving them cheaper conversion rates in future, and therefore better ROI on their investment.



Your motives are clear, and I personally challenge you to articulate in clear terms why you think these terms are somehow worse than a string of CRs for funding? Or have I made a good point too? oh dear...