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arsenic

15,443 Posts.

1383

08/11/17

21:14

Post #: 28621572
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Originally posted by Born2run ↑

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)

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I can't follow all your options can you provide a flow chart please.
or as per Pauline Hanson " Please explain".

CZI Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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