Depends on where the issue/placement target will be for the equity part of project finance being raised Stef.If they have got the finance and want minimal dilution they will need the sp around mid 20s which should be achievable IF THEY GET THE FINANCE.
I'm still hoping they pull a rabbit out of the hat with the off-taker and place a reasonable proportion of the issue to them.A bit on the wishful thinking side of things atm as is the finance.
d.
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