"40 million of equity leaves us with 25% of the company, how is that good?"
There is not an exact figure for how much Jennings may seek.
RAU may find other avenues for other funding which it is hinting at near the top of the second page of the announcement...."The Company continues to examine other funding etc....."
So, though they have indicated a figure of US$100 million from the Bolivian bond market which represents about 70%+ of the total cost let's see what happens with that second area that Jennings are to deal with.
And there is always the prospect that as things continue to firm up and further news is released that the RAU share price could increase and tip the scales a bit more.
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