ASN General Discussion, page-10520

Well !!!
mum not throwing any more d here , so please treat this post as it reads with no inference of Bruce’s abilities etc etc
if we are looking at a 40/60 split in funding of let’s be realistic $600 mill then 40% equity is $240mill - this is currently more than our current mcap

current option conversion of ASNOD is 20 cents
is there a thought within management that it’s best to let these lapse as imo there is no way based on current sp that any equity will be done at more than 20 cents

a saving grace maybe that it appears offtake will be some time before funding finalisation which may allow the sp to settle in the 40 cents plus range ( fingers crossed and day traders F off) before funding and dependent on offtake timelines would allow option conversion before funding

I personally would be quite dissatisfied with a 100% dilution as I’m sure others and more importantly Bruce would be doing his best to keep it as low as possible, albeit he is not a miracle man

another saving grace is our new financial expert moving into our ops whom I’m certain would be worth every cent and more in this regard

mmm - lots to consider here imo