SRI 6.25% 1.7¢ sipa resources limited

yesterdays announcement, page-3

  1. 5,278 Posts.
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    Peter thanks for spending your time to call Mike & to then post your discussion.

    " I’d like this thread to spend a bit of thought on creative funding ideas "

    Whats the most expensive input here ... drilling !

    Would a drilling company be interested in receiving a piece of the pie in return for a substantial discount on the drilling cost ? Of course that would require a driller with a healthy balance sheet and some entrepreneurial spirit.

    What about a cap raising at a slight premium with attached partly paid to $0.01 shares convertable at a 50% discount to the prevailing price 24 months post issue. Conditional upon an economic resource being discovered.





 
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