7 given we just raised 8 million and have about 9 in the bank we...

7 given we just raised 8 million and have about 9 in the bank we would need at least 35 million IMO to prepare for over runs problems.
675 million SOI atm.
This would add about 235 million shares, at 15c, so a touch over 900 million, over a billion with all the options converted.
I guess what I'm saying is does having 55% WI effect the sp that much? It doesn't seem to have, given the MC hasn't really changed all that much.

I think its almost a certainty IVZ will farm down.
I believe it will be to CEA as I believe the amount of back costs has been left open for CEA to effectively up their offer, by paying more back costs, IF we get a better one. aimo.