I can't see a capital raising at 50c. Imo there may not even be any more capital raising if funding comes from a partner. Furthermore, I can't see a partner getting any cheap shares from Tony, so if its via CR it will be at a significant premium imo, say 80-90c. The markets have turned, the ball is in our court, so 40c is not going to happen again - its not the GFC.
report assumptions and market appreciation, page-14
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