Sorry to sound a bit positive here but if INL can secure cheapish debt funding with a medium (2-3 years) time frame then the INL equation looks very very exciting given:
- Current Market Cap ONLY $ 1.2 MILLION - INL wipe away La Jolla debt and constant selling - INL can lower or at least minimise debt through BSM royalty - Only 140 Million shares on issue mostly held in small unmarketable parcels not worth holders selling until SP hits 10 cents plus
Forward 2 years (Debt comes due...but...)
- 2-3 Chinese projects generating revenue (who knows just how much)? - New projects in pipeline - Market cap and share price should recover significantly with cash flow, la jolla gone and maybe even a new MD! - Repay debt with a capital raising at 10-20 cents ps
Year 3...
Potential takeover target by Outec or SIMS or worst case continue revenue building in China, Aus Galvanising Industry and other new projects
Year 5...
INL places hostile takeover bid for SIMS metals ;-) haha
SDV Price at posting:
0.9¢ Sentiment: LT Buy Disclosure: Held
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