I havn't disagreed with any of that. You lot are the ones going...

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lucky 992

3,315 Posts.

128

26/09/24

15:42

Post #: 75854105
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Originally posted by mtg: ↑

Lucky lets look into the numbers.

$88m capex USD.

Take off the $15m USD = 73 million USD. Convert this to AUD.

$107 million AUD needed.

Lets not take into account the cash they have on hand, keep it as working capital.

Say they raise half with equity half with debt.

$53 million new shares at say 30C = 176 million new shares. That covers all the shorts positions if the broker will sell stock to shorters.

Normally brokers will try all lengths to not give stock to funds/shorter as they are working against their client.

How are you going to cover? When you can't get enough stock to cover???????????

only way is to buy on market. There is 136 million shares short.

Could be a nice short squeeze if they all need to cover once this starts ripping.

Imagine if they 80% debt fund the capex.........

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I havn't disagreed with any of that.
You lot are the ones going on and on and on about shorters. Trying to convince yourselves obviously, when you would be more rewarded by learning about cycles and how to read a chart. I have been through all this in boe since 2020 already. Its from the same playbook on a slightly different cycles.
Three things I do know is that while you lot have been losing 50% on the run down I have made an additional 20%.
I explained how I do it and where the benefit compounded and was labeled a clown. That's fine by me.
I need cannon fodder and there is obviously plenty of that about. The hc indicator very reliable.
Keep up the entertainment.

LOT Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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