I think debt is one option (preferred), but they’d be silly not to be preparing for a equity raising just in case.
San Quintin and Ivory Coast are both being kicked down the road, which is understandable... but also a big worry for me as we just don’t have the Balance Sheet strength to absorb such delays if they continue beyond what is currently guided.
I will happily pay more for the stock if they alleviate the funding issue, but the risk of me losing my capital far outweighs that of me missing out on the gap up should Ivory Coast come good in May. Still 50/50 in my books.
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