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Ann: Phosphate Fertilizer Project Update, page-177

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pedini89

639 Posts.

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28/05/24

11:43

Post #: 74041936
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Originally posted by Protagonist: ↑

Raising us$10m via 'strategic investor's' at a further substantial discount to the current SP (lets not kids ourselves it would be otherwise) to fund capex would result in tremendous dilution and be a poor outcomes for shareholders. The better outcome would be to obtain bank finance, and following the resulting re-rate to the SP, invite in someone else at a better price.

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The bank finance would be their priority, but if a strategic investor came in to fund the 10m capex, I very much doubt it would be done at a discount, that’s just my opinion though.

Last edited by pedini89: 28/05/24

MNB Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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