IF there in fact needs to be a CR, I'd like to see it done as 1) a small CR for now for working capital, etc, and 2) free options given to all SH, exercisable in future, to fund plant construction into production, etc
eg. 1) Raise $20 mill now. Ideally via rights or sophi's
2) All SH'rs to receive free options pro-rata, exerciseable say Jan 2020, exercise price say 25c that would raise another $100 mill at that time
That model provides funding now, doesn't disadvantage existing SH, and provides upside for all SH'rs. Ofcourse the SP has to reach the exercise price by early next year, but by that time, the DFS will be well & truly completed, more BOA's signed, and hopefully other opportunites eg cement, HPA, carbon capture, etc are further advanced.
This model was recently implemented over at RAC, where I know a lot of you are also, and was it very well received by SH & the market.
- Forums
- ASX - By Stock
- ADN
- General comments/chat
General comments/chat, page-23778
-
-
- There are more pages in this discussion • 20,845 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $211.4K | 26.54M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 24987898 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 5276449 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 24521231 | 0.007 |
15 | 7016289 | 0.006 |
12 | 8468333 | 0.005 |
2 | 5000000 | 0.004 |
3 | 8000001 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 5276449 | 4 |
0.009 | 29710213 | 23 |
0.010 | 23847978 | 14 |
0.011 | 16613479 | 8 |
0.012 | 15258100 | 7 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |