@chuk looking at 2 previous posts of yours about the placement, one could very easily come to the conclusion the placement is for the full US$12m ~A$18m (+ working capital?)
" I had allowed for the possibility that the company could not source the remaining US$12 mill capex requirement from non dilutionary sources in time to keep construction on schedule. US$12mill is A$18mill so I plugged that into my spreadsheet a while back as a just in case scenario..........the DFS after tax, base case NPV of US$202mill or A$310mill. That would be 3.26 times the mc at 9.1c on my assumed new shares on issue number, so a 30c target."
and
" While the cr is oversubscribed, I don't expect that it will exceed the figure I had previously allowed for so my personal previous sp target of 30c stands for me for the base case phosphate project."
MNB Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
