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Points taken on the short term proposition (therefore...

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sensible123

495 Posts.

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31/10/16

14:45

Post #: 20253758
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Originally posted by Endyne ↑

So you'd lend $16m of your own cash very short term to someone and not expect a return on what is still a relatively risky investment? Not trying to be smartarse but it always pays to look at a the issue from the other party's shoes.

They get a relatively modest 0.8m - $1.6m now for taking on the risk and some options (which they'll have to cough up a useful $12m for) which don't dilute the SP now as it stands. The facility will be very short term (no more than 2 months?) so there will be next to no interest.

It's not easy to get significant funding at the drop of a hat when it's crucial to your entire (very worthwhile) enterprise and your stocks are (unfortunately and irrationally) not high.

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Points taken on the short term proposition (therefore establishment cost is justifiable) however the granting of huge options, imo is way too excessive.
'At the drop of a hat' scenario shouldn't have occur, suprise that occurred under the watch of our finance savvy MD.

GXY Price at posting: 34.8¢ Sentiment: Buy Disclosure: Held
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