re: cut & paste ** placement announced ** It's a heavy discount with the options thrown in and a nasty dilution for shareholders. Was that necessary if there is a queue willing to finance the project?
Even if GIP manages to raise the mega dollars for the project, and that's not a given, what's to say that current shareholders won't be so diluted by this fundraising that the shares still won't be trading any more than around 7c to 9.5c??
I got out of GIP some months back. I'm pleased I did. Hope it works out for those who stay in, though I have my doubts.
** placement announced **, page-19
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