As @gypaetus correctly noted the 1.5c conversion rate plus cap raise price is a ceiling and a best case scenario. Dilution could rise substantially to 40% register if they are obliged to do for example an additional 2m$ cap raise at 0.8c. The good news is that they found cash to survive until 30 november 2017. The bad news is that its their last chance. Another misstep. For example failure to fully recommission the plant by november and financiers wont be forgivable with them. In other words its a do or die situation.
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As @gypaetus correctly noted the 1.5c conversion rate plus cap...
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