need to find a way to buy the other 40% of Kipoi without diluting too much.. even if a capital raising got 100 million from 300 mill shares at 30cish - would still be a screaming buy..
This would value the company at around $300 million and give it significant quarterly cash flows to get into production for stage 2 - which is where the party really starts.
Hoping trafigura can do a deal to get hold of the 40% via script/debt deal. debt is still a heap cheaper given the undervaluing of tgs shares. see what the next couple of months hold - DFS out for stage 2 soon i hope.
good luck all...
TGS Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
