RWD 0.00% 4.0¢ reward minerals ltd

Ann: REWARD SIGNS EXCLUSIVITY DEED TO ACQUIRE BEYONDIE PROJECT, page-102

  1. 6,710 Posts.
    lightbulb Created with Sketch. 290
    "Only 220M shares on issue now. This will increase."

    And the 64 dollar question is by how much?

    This 1st raising , which doesn't cover the purchase price , let alone running costs of the company and possible capital investment , will go close to doubling the number of shares on issue.
    So where to from there.
    External debt funding would seem a hard ask , so hard to avoid another raising after that . Hopefully at a higher level than the likely 8 to 10c that this 1st one likely to go at. [ my bet , for what its worth, is 1 for 1 at 8c]

    I would say a buck a share possible , but unlikely.
    Perfectly happy to be proven wrong in the long term obviously.
    And if I am proven wrong , it wont be off the back of sop earnings out of WA , but from licensing fees from the technology used overseas.

    cheers
 
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