Who is saying more dilution? Please do not pre emp things. Do you think the one giving the debt finance part be happy with a wrecked company {your wording}.Let mgt deal with it.
Also we have 2 billion soi as I count all the options. So come August l, if we are not on the money at 12c, no conversion.
So up to you how you interpret 2 billion soi. As the dilution you are counting is already counted in the 2 billion soi I quote here on my posts
Ann: Wits Basin Scoping Study, page-209
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