Everyone wants to be a multi billion dollar company but everyone doesn't want dilution...
Just part of building a successful company.
We don't get money then we are stuck on Phase 1 profits.
We do get money for Phase 2 and this allows our profits to take us to that multi billion dollar dream.
None of the funding deals are signed off yet so I guess we'll get to see all of the terms over the next month or so.
Don't make the mistake of coupling dilution with lowering our value.
Securing funding for Phase 2 significantly derisked us and progresses us toward the real money maker.
From what I've seen Stef has done a great job of minimizing SH dilution with current deals on the table.
*Just remember - financiers won't lend us billions if they don't think we'll make billions more
Ivanhoe DD period & 30 day VWAP, page-54
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