Cap raise theory literally blown to smithereens. This ends the shorts at 30c ish IMO. Amount of shares on the registry stays the same through the development.
"Carnarvon has commenced early discussions with domestic and international banks who have indicated strong
interest in financing the majority of its share of the development capital with senior debt. Oil traders have also
indicated interest in providing structured finance as an additional source of funding to senior debt. Carnarvon
will commence a formal financing process once the development concept and contracting strategy has been
finalised."
(DYOR - not investment advice etc)
Ann: Dorado Field Development Update, page-6
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