Ann: SFG Completes $92.5 Million Equity Raising, page-177

The only thing that may shut you guys up is a NAIF loan for $150m lol

Stash I think you've contracted White spot it's characterised by frothing and foaming at the mouth, gnashing of teeth, the white spots of course and a nonsensical grasp of reality and a propensity towards tall poppy syndrome.

A real life 'Walter Mitty' determined to create his own reality it appears.

Point of fact we've raised $92.5m there is nothing stopping Seafarms progressing Stage 1a this dry season until they run out of funds.

One would presume that at least some of the $92.5m + $15m needs to be escrowed for debt repayments but in any event Canstruct's work package was for $78m.

Whilst I was definitely wrong about this week for an announcement of $150m my thinking was based on surely management attempting to get the options in the money for a further $13m. I feel next week would be too late.

10 cents would need to value the project at what $450m? Given ~4.5bn shares. So depends on how you value it SFG was $220m before the $92.5m raise + $15m + $150m loan it's possible but unlikely next week options will be in the money.