The Shaw report. An interesting read indeed. Im trying to wrap...

The Shaw report. An interesting read indeed.

Im trying to wrap my head around what kind of entity would have the risk profile to stump up $85M at $0.03 when the valuation that Shaw came up with for P1 is $0.031. I think it's unrealistic that an entity will take that large of a risk for minimal gain? If they were getting in around half of what Shaw suggests, being 1.5c, that would equate to roughly 5.7 billion shares in addition to the diluted 7.5 billion currently. I believe that to be a more reasonable figure.

Given Shaws P1 Mcap value of $292m and assuming the lower raise price of $0.015 it would equate to a SP valuation of merely 2.2c for the P1 project! You can see how important the raise price is, and given that LPD previously said it was unlikely to raise capital lower than 2.8c which was followed by a CR at 1.3c (with freebies) we need to look at how realistic or likely the $0.03 figure is to be achieved.

I foresee a turbulent journey ahead.