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clock Created with Sketch. 21/11/21
15:12
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Originally posted by Beach42:
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I thought it maybe good to get everyone's input on expectations on Joint Venture outcome . 500 Million funding for the project. And need the mining permit from LKAB(Sweden), but from my understanding Talga only needs to raise about 160 Million now. Please correct me if I'm wrong here.Capital Raise the price is usually a 20% discount to current share price. So if the SP goes up again to lets say $2.10. Then a 20% discount would be $1.68 for the Capital Raise. Please correct me if I'm wrong here.168 Million for 100 Million newly issued shares for $1.68. Given Talga currently have 300 Million shares on issue. That would essentially give Mitsui a 21% share of the company . Please correct me if I'm wrong here.16% share of the company . Please correct me if I'm wrong here.798 Million , without share price moment, before binding off take agreement. 997.5 Million , before binding off take agreement. Please correct me if I'm wrong here.
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