Agree DRS. Last cap raise was .34? (correct me if Im wrong) and this one is .10/.12 - so that is about a third then. On that ratio, .17 - 20 is about right. As stated, a great return even if over 12 months.
However, it will depend on the deal. The positive is that Noble can probably get the capex needed or TO. The negative is that as marketing services and offtake - they may have vested interests.
I take is as overall a positive for a deal but a negative for blue sky stuff.
SDL Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
