One thing is perfectly clear: In any event this is NOT the last cash raising / financing deal before SdV is being built. As we have been told a decision on SdV is not going to be made before Q3. So the funds collected in this CR/FD can not be applied towards building SdV. Once a positive decision has been made we're in for another treat, BIG TIME! Just as I had explained, SdV will cost us roughly 50-100 million Dollars in equity (cash raising, placement, financing deal, cornerstone investor, joint venture... it doesn't matter how you call it, in the end it means massive dilution) and almost 200M dollars in additional debt (guaranteed by the Korean consortium).
GXY Price at posting:
7.8¢ Sentiment: LT Buy Disclosure: Held
