Huge dilution coming if they decide to keep their 12.25% interest in Beibu Gulf as their share of development costs is $37.5mil. They already have a $30mil debt in the US due to be repaid in full next year and no prospects of being able to repay it without a sale of assets or a large Capital Raising. US assets only pays the salary bill. Probably should avoid - ROC is a much safer bet if interested in Beibu Gulf development.
PSA Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held