Disagree with you,
@Doddsy11.
Look at where they've raised capital:
Nov. '16 - $1.13m at 2.7c equivalent when MB first took control
May '17 - $5m at 14c
Aug. '17 - $3.5m at 17c (which was only settled when the stock was at 40c)
Jan. 18 - $6.75m at 40c
They have no need to raise capital in the ST unless it's on their terms for strategic reasons.
The only overhang may be from the last placement which occurred just before the fall in markets, and given that they are usually very selective as to who they place stock, I doubt we'll see much of that hitting the screen.
The market is still shaky. Punters have been burnt recently and we need more details about the new deal, which will hopefully be forthcoming in the ST.
I wouldn't be shocked if when push comes to shove we won't get our ships 100% financed.
Of course that doesn't mean we won't need to raise additional money along the way.
However, I will leave you with this passing fact: MB raised $113m for LNG between July '13 and July '14 and in the 15 month period from July '13 to Sept. 14, LNG went from a cap of $56m to in excess of $2bn.
MB has now raised for GEV $16m in just over 16 months and the cap has gone from $6m to about $120m.
Given MB's past performance and that, at least IMHO, the GEV story craps all over that of LNG; do you think he will have a problem raising more funds for GEV as and when required, at higher market caps?
Also, do you think the current market cap is rich given the potential of GEV?
Personally, I think the GEV story is only getting started.
