I just don't understand people's pre-occupation with a capital raising. Even if Fango is wrong, and we have a capital raising....so what? Yes, a CR is dillutionary, but you don't get an operating coal mine (let alone two of them!) out of thin air. It's either equity, or debt, or a combination thereof....even if we do a financing deal with one or more offtake parties, we'll have to pay for it one way or another.
looks like an unmade bed, page-55
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