If it were 40% equity in the project, then surely this means an SPV would be used? An SPV would mean no dilution for shareholders and the current share price wouldn't really be of relevance to the SPV ownership structure. This appears to be the strategy, as the company has often stated that the "project financing strategy targets a mix of project equity and debt". Mark stated: "The basic strategy is around having a majority funding to be debt based, with equity being done within project equity or JV partners." (Re: JV partners, this was when Mitsui was still in the picture)
Ann: Court Rejects Appeals Against Vittangi Mine, page-218
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41.0¢ |
Change
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Mkt cap ! $155.8M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17296 | 40.5¢ |
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| Price($) | Vol. | No. |
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| 41.5¢ | 30443 | 3 |
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