Which brings us right back to the 'when is the next capital raise, and at what price will it be done at' issue.
Unfortunately, we run to the schedule of the JV, and will have to pay the bills when they fall due....irrespective of the prevailing POO. So the amount of future dillution for shareholders becomes another unknown.
It would be nice if the world was as simple as 'we will rise when the POO rises', but unfortunately that isn't the full reality of the situation.
Here is the clue, page-3
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