They can issue 15% without shareholder approval if needed, use...

  1. 2,470 Posts.
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    They can issue 15% without shareholder approval if needed, use cash flow and slow capital spending. If that gets them through 6 months and production and the share price are up they could go back to shareholders for the extra 10% under 7.1a if that is needed to complete the expansion.

    This can be staged. It does not have to be done immediately. It is probably better to get more runs on the board.
    Last edited by edshann: 26/11/24
 
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