There is no question that “the market” is depressing the SP, given the news that is coming soon. There are no real sellers anyway!
The +/- US$8m CR, which is no longer far away, is crucial and Paul's statements about it.
But what does he mean and does “minimising of dilution” mean specifically in relation to the SP that has probably already been determined for this?
If GBE is serious about the benchmark slide and wanted to increase the MC "more significantly" and reduce the MC distance, then the lever for this is the SP!
I had given examples in the range 10-40c or even 50c, although "more significant" would IMO be anything from 20c, corresponding to a maximum of 60m new shares.
There is no question that “the market” is depressing the SP,...
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Mkt cap ! $24.89M | |||
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