One only needs to look at SEA who went to market, raised a bunch of capital to purchase assets and the SP and MC is now well ahead of the CR prices.
If we are going to have a significant CR then ideally it would be well above the current SP to limit dilution somewhat, however we're probably looking at a doubling at least of the current float.
At for example 1.5bill shares at a share price of 2.5c is only a MC of $37mill. With cash flow of ~$7-8mill pa based on my cals posted yesterday would have to demand a MC of ~$100mill which is ~ 7cps
you can play around with the figures but the fact remains, plenty of upside here IMO
One only needs to look at SEA who went to market, raised a bunch...
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