2021 and beyond, page-5000

@itsdank all depends on the perspective of the shareholders.

For example, lets say 1B shares on issue at SP price of 60c, so that should give a MC of $600m

If 10% additional share are issued due to bonus conversion, total issued shares would be 1,1B. Assuming no return to the company (which is not true for LKE), SP may drop to (MC $600m/1.1B shares) = 54.5c

In LKE's case, LKE will receive $35m for 100m shares, which should increase it's MC (due to increase in company assets) $635m. This may reduce its SP to (MC $635/1.1B shares) = 57.7c. Even if SP drops, it will not be significant IMO.

On another note, if Shareholders believe the additional cashflow means there is no requirement for debt funding for balance 30% of Kachi construction finance because it's going to be covered through these conversions, confidence level of current and potential shareholders would improve which may even push SP higher, IMO. As I said, all depends on SH perspective