Hi Snowy101, they are talking debt of $13.5M for the first 2 and $20M for the other 3
This equals $33.5M in debt finance along with an increase in shares from 305m up to 940m
Therefor - substantial increase in shares on issue and substantial debt compared to assets.
If they manage to or decide to get all 5 farms it appears it will be financed to the max. or close to it (100%?) Same applies if they manage to get only the first 2 farms. Please correct me if I am wrong.
MeToo
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Hi Snowy101, they are talking debt of $13.5M for the first 2 and...
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