Why would someone pump in that much capital for just 20% when they could own 100% of company for much less?
Because, in pumping in that much money as you say, the funder is not just getting X% of a company they are getting X% of a fully capex funded project.
If a funder just purchased the whole company for a lot less then they would still need to provide 100% of the capex anyway.
A major and wealth destroying cap raising MUST form a part of the move forward imo.
It's possible but not a MUST. It is possible that a offtake partner can help secure a loan from a consortium, as you write. This will be a PLV debt but share dilution will be lessened.
It may also be possible for PLV to secure convertible notes. Hopefully conversion will occur well into the future when share prices have recovered.
PLV Price at posting:
25.2¢ Sentiment: Buy Disclosure: Held
