Solarfeen
I did say Royal Falcon "currently only holds 51% of the Swedish project"
As Publunchman's post shows, they actually only earn that 51% AFTER they spend $3 million ... so on paper, DRK own the whole 100% until then.
Then after spending $3mill, they get the OPPORTUNITY to get another 24%, but they will need to fork out another $3million. However Drake can decide not to, and instead elect to become an equal funding partner of 49% from then on.
So I take the view that essentially at this point, 51% of the project is locked into Royal Falcon's bank, and Drake have 49% ... anything else is part of a future extension to the deal.
DRK's share price is a joke, and proof that the market is extremely inefficient in determining the value of a stock ... often it is a popularity context.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 1315961 | 1.3¢ |
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Price($) | Vol. | No. |
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1.4¢ | 161700 | 3 |
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2 | 1315961 | 0.013 |
1 | 1000000 | 0.012 |
3 | 1454545 | 0.011 |
1 | 5000000 | 0.010 |
1 | 500000 | 0.009 |
Price($) | Vol. | No. |
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0.014 | 161700 | 3 |
0.015 | 816666 | 2 |
0.018 | 113290 | 1 |
0.019 | 400000 | 1 |
0.020 | 398000 | 1 |
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