The company now has $90m in cash, needs to find at least another $100m for the plant and equipment, plus more for the infrastructure, operating expenses until revenue starts to flow from production (two years away), $5m, $10m, $15m for the mining lease - and every dollar they spend on the buy back only increases how much cash they need to raise, whilst decreasing how many shares they can sell to COW before the 19.9% limit is reached.
Yes, go for the debt finance. Play completely into the Chinese' hands.
CDU Price at posting:
$3.35 Sentiment: None Disclosure: Not Held
