Huge dilution coming if they decide to keep their 12.25% interest in Beibu Gulf as their share of development costs is $37.5mil.
They already have a $30mil debt in the US due to be repaid in full next year and no prospects of being able to repay it without a sale of assets or a large Capital Raising.
US assets only pays the salary bill.
Probably should avoid - ROC is a much safer bet if interested in Beibu Gulf development.
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