AB did not say anywhere that he "expects" the SP to go to 3c on announcement. He said "We would like to get up to 3c".
It is unclear howver if this is before or after the capital raising. In his December presentation he showed "implied share prices" of 2.8c and 3.4c after capitol raising and after revenue stream from Jabirus is on stream. He used an EBITDA of 75 million per year and a multiple of 10 (minus debt of 250 million) to arrive at an implied equity of 500 million.
That is not on announcement of funding but after fund raising, satellite launch and revenue earning.
It is typical of AB to make such statements without explicit timeframes. Just like the used car salesman he is.
NWT Price at posting:
40.0¢ Sentiment: None Disclosure: Held
