Yeah - I’m pretty sure a JV for downstream is the more likely outcome. Then it’s a case of how do you fund it?
If c. $2.70 for the whole thing is not on the cards - any equity stake would be less than that. So let’s say 15% discount of current 5dma @ roughly $2.70 = 40c. Or again cigarette packet calc = $2.30ps depending on number of shares offered and amount requiring funding.
So selling at $2.50 you did well.
DYOR IMO
Yeah - I’m pretty sure a JV for downstream is the more likely...
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