CZI 0.00% 22.0¢ cassini resources limited

Ann: Trading Halt, page-21

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  1. 936 Posts.
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    I suspect we are quickly reaching a key inflection point in the story of Cassini.

    Fact: Cassini does not have enough cash to carry through any substantial share of an eventual (read: inevitable) mine development.

    Option 1: A substantial capital raising.
    Option 2: Debt funding.
    Option 3: Divest WMP

    Option 1 would obviously dilute existing shareholders, but yields less exposure to coupon and debt covenants
    Option 2 could come at a substantial coupon, but without the risk of dilution
    Option 3 could come at short term gain for shareholders, but potentially leave a lot of money on the table.

    Without the details, I cannot say which one is the most value accretive two shareholders. WE just need to trust CZI management to navigate this jungle.

    I suspect this is a crossroads. Either substantial shareholder value will be created, or destroyed. Lets hope our management is astute (I think they are)
    Last edited by Born2run: 08/11/17
 
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