As at november.
While CR is always a risk, you'd think that at this stage if it were to happen it wouldn't happen until Gin Gin is completed...i.e 8 weeks as that moves a 56 million dollar line item from the liabilities column to the assets column. that and they'll have additional guidance from access waste and the numbers out of the improved maddington process.
that and at current MC it would be a 50% dilution event...... with the company employees and financiers being the biggest shareholders. Nah, i reckon a new funding deal will be announced the moment gin gin is completed and then the vertical integration model kicks in.....
however, there is is always a risk.
Add to My Watchlist
What is My Watchlist?