What are everyones thoughts on potentially funding the Grieve chemical flood through debt? Davo i know you are anti but is it preferable to another equity raising assuming no jv participant?? We know their record on striking deals is terrible... we also know that the Grieve flood is potentially company making in terms of ramping up revenue. We think that they are almost certain to go ahead with the flood.. so the question of funding remains the key issue..
I can read the greed in Riggs's words as he strongly alluded to this path (debt)in the quarterly ...They have their cheap shares (at our expense) and now i guess they will want to cash in.
What is the phase 1 flood likely to cost?
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