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clock Created with Sketch. 16/07/24
14:08
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Originally posted by andrew1401:
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Are we all aware of what happens to Pioneer come Feb 25? As I understand it, Pioneer is due to have the balance of their loan repaid in Feb 25. This will be by either cash or shares. GRV is unlikely to repay the outstanding ~$3M in cash, so it will be shares. Pioneer will want the SP to remain low so they can maximise the number of shares they receive in payment. At around 6.5c, Pioneer will get ~45M shares. So, I expect the SP to remain no more than 7c until Pioneer is repaid. When they are repaid in shares, existing shareholders will be diluted by ~10% and Pioneer will become an 8 - 10% shareholder.
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plenty of time between now Feb 25 to make a difference, both in a viscosity solution, helium and who knows what for new projects. Also my understanding its $1.5m outstanding and there's been interest from/talk of an investor/s taking that.
Last edited by
sahmee :
16/07/24
