new edison report on alk website, page-2

'Raising A$264m via an equity placement. For the purposes of our valuation we have assumed this is raised at A$0.67 a share, resulting in dilution of a further 397m shares'

(mtm is going to choke on his coffee when he reads that assumption).

Some good information in the report regarding products and pricing but speculating on financing at this point is simply a role of the dice.

I am hoping that the majority of loans can come from government agencies with a minimum % from conventional debt financing. No convertible notes allowed.

Raising 264mio at 67c a share. Please if the company can secure 200mio for 10% of DZP then isnt the project valued at 2bio??

I would much prefer you assume raising 264mio via equity placement at an assumed share price of 1.34 with a share buy back commencing in the not to distant future..