As long as the plan remains to go to the market for 40% equity, it doesn't really matter where the 60% debt is coming from.
Nobody is doubting 60% debt financing can be achieved, it's already almost there.
Which means the share price increase will have to come from some other news to make the dilution reasonable.
I was hoping for a major to come in and provide some cash/financing without dilution, but considering that GM got 80% of our offtake production and a large holding + options for 69m$, I can't see anyone coming in with several hundred millions to save the day.
I'll keep my free carry and see what's happening.
As long as the plan remains to go to the market for 40% equity,...
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $95.79M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.7¢ | $283.4K | 7.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 170012 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 1551842 | 6 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.001 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 3.7¢ | 1978368 | ||
| Last updated 15.24pm 27/05/2024 ? | |||||
| QPM (ASX) Chart |