Is it possible for the share price to get even close to 20c??....the NPV of Ancuabe was $300m and there are currently a billion shares. They want to spend up to $50m capex for a pilot plant and up to $100m capex to get to 60,000 tonnes. If everything after this cap raise is debt, there is no dilution but it will take 5-10 years to repay debt. If all equity the dilution will be so massive the most we will see is probably 0.10c per share. I dont know if my logic works but it seems to be simple maths
TON Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
