Hi ywtoh, regarding this US$1 billion figure needed for a US...

Hi ywtoh,
regarding this US$1 billion figure needed for a US listing. Assuming this year the company becomes cash flow positive and profitable in Q4 as predicted, China gets more traction with one or more new bulk orders, plus good wins elsewhere resulting in the share price getting quite a kick up towards a A$1.

Maybe that US$$1billion is not one pre the listing process but rather the final book build figure?
That is---- present issued capital about 550 million. Fresh capital of 50 million shares raised during the book build making a total of 600 million issued.
The US market runs with the story and final book build price on the day of listing is US$1.70, there's the US$1 billion capitalisation.

Of course to achieve that they would have to be pretty confident very early on before starting the actual listing process that the demand would be there sufficient to reach that listing price. I guess that is where Paul Donnelly's experience comes to the fore, also as per sell's opinion of the new PR guy he could be good value sounding out the US market.

regards, EB