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.
- Forums
- ASX - By Stock
- hit bottom?
Huge dilution coming if they decide to keep their 12.25%...
-
- There are more pages in this discussion • 10 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 PSA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online