Has anyone made some estimates as to a likely price should a CR be needed? And hence what number of shares would have to be issued to raise say $10m. Or even $5m. From memory the last CR was at about a 2cent discount but I may be wrong. And that after this CR the share price fell below the CR price for a short while.
And how many shares would have to be issued to enable a CR of just $5m. Although I’d have thought at least $10m would be required and more cost effective.
And what dilution this would be to existing shares.
I Want To Believe, page-546
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