Straight to Page 23: Staged equity strategy; structured to reduce dilution (Few levers to pull on funding, equity raise is going to happen some time though)
Page 33: Shows cash balance from 30 June 2023 of C$10.9m (Not sure why such an outdated number?)
The Company will need to do an equity raise at some stage, just unsure exactly when. When will the re-rate come and what are the short term catalysts to prevent too much dilution. Raising at these prices would crush the capital structure.
Thankfully the $20m Prion loan buys the Company some more time.
Refer page 30 for the catalysts.
DYOR
Cheers
Wolf
Ann: EMN Corporate Presentation - November 2023, page-2
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