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0.8¢ eclipse metals limited.

10 Cent Party, page-2683

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Zhc003

3,438 Posts.

867

27/04/22

15:24

Post #: 61047929
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Originally posted by thebarry111: ↑
This is the major issue for this company. The dilution coming before any money comes through the door will be off the charts.

The reality is that they simply can't make those payments.

Approx shares on issue: - 1,921,126,413

If you were to assume that all the below are exercised along with the shares issued:

81,000,000.00 + 73,000,000.00 + 50,000,000.00 + 12,500,000.00 + 150,000,000.00 + 30,000,000.00 + 150,000,000.00

Yes the money will come in for the options but its a long time post the completion payments need to be made.

They won't be paying the milestone payments in cash, they will be paying in shares.

So you need to add another $20,000,000.00 at say $0.035

Which will be another 571,428,571 shares

Cerium has a vested interest now to keep the share price low.

So existing shareholders are going to be diluted by 1,030,558,571 new shares on offer.

So basically 50%. That is absolutely staggering.

This is before they raise funds also.

1 ,000,000.00 0.035 571428571.4
2

81000000
3

73000000
4

50000000
5

12500000
6

20000000
7

12500000
8

150000000
9

30000000
10

130000
11

30000000
12
Additional 1030558571

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sounds pretty good if that's the worst scenario you are putting out.

EPM Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $18.00M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$1.641K	205.1K

Buyers (Bids)

No.	Vol.	Price($)
4	2438572	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	926837	1

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No.	Vol.	Price($)
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6	3782472	0.006
7	4351145	0.005
3	2487888	0.004
4	2591666	0.003

Price($)	Vol.	No.
0.008	926837	1
0.009	1350000	2
0.010	4919967	7
0.011	2342422	2
0.012	592895	3

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