"Likewise, I think once they’ve funded the construction & it is properly underway, we’ll look back & think they did the right thing by delaying to avoid dilution."
Agree, but let's see if they can pull this off. If they make it, it's gonna be a great story of enhancing SH's return when we look back.
But if they fail to raise the 14m from IDC and have to raise all 26m by equity, it will be a complete laughing stock (pun intended) for misjudging/overestimating its ability to raise fund via debt avenue, making all the delays a complete waste.
Either way, it will be an important milestone. We are just all waiting.
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