Although I am an RMS shareholder so am going to limit myself to this single post on this forum (hopefully) I suggest you consider the state of play.
Hartleys have modelled $55m in additional equity required to enable the project finance to get granted. No financier will fund all of the project so a significant CR is on the cards if the co goes it alone.
A capital raising will materially dilute existing shareholders. Your current % holding in the co. will over halve after a CR. The instos “that will not budge” have a choice of getting a healthy return now, doubling their investment in a CR by putting their hands into their pockets or halving their equity by not participating in a CR. Is this a better option than acquiring a 20% position in the expanded RMS?
I will be extremely surprised if the large shareholders do not accept the RMS offer.
EXU Price at posting:
10.5¢ Sentiment: Sell Disclosure: Not Held
