long term financing, page-4

Thanks Dex,

Your summation of financing on a staged basis for an individual project, followed in the future by project to project agreements, is logically. It would definitely give Cougar the opportunity to stretch its wings price wise to ensure value is extracted at each new point.

As I mentioned even if initial financing is done at a low price the confidence it will bring from the broader market will be immense. I’m comfortable for this to happen even with the accompanying dilution, assuming your staged financing approach is applied (which now thinking you would assume given a raising of $50m at current price would take control of the company!).

Dolphin