Argh. Why are people talking about CR. Who cares... means...

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FeO(OH)

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11/09/19

14:16

Post #: 40383041
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Originally posted by Dollar@nearly51: ↑

My preferred option is to avoid a CR altogether.... plain and simple but I don’t think it is that easy...unless a third party is keen to take a position sooner rather than later. Whatever options WGO choose to move their 50% of the project forward an element of working Capital will be required.... Perhaps the Directors themselves will provide the necessary working Capital in the form of loans ? A CR is not the only option.

At the moment we have a staggering Gas Discovery which unfortunately at this point in time is NOT a tangible asset to raise capital against. It is simply a resource which may be converted into reserves subject to flow rates being commercial and then it becomes a tangible asset to raise funds against. At which point would result in a substantial rerate to the value of the Business. This is where we are heading Point A to Point B.... it’s how we finance the transition that is the immediate conundrum.

This is my understanding and I am more than happy to be corrected... in-fact I would like to be 100% incorrect.

As I said earlier 50/50 for me to how they overcome the initial short term requirement.

Good Luck All

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Argh. Why are people talking about CR. Who cares... means nothing in the scheme of things.
.
Worse case scenario we might get 15% diluted... but would get us to final stage and could be worth 400% more... Plus shares most likely for instos not retail. So dont have to worry about dumping.
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Last edited by FeO(OH): 11/09/19

WGO Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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