Even with a 100% dilution on the current share register, we will only be able to raise roughly 33m capital... It's such an inefficient way of getting the fund for the project. And if you are looking at a lower dilution rate, the money raised won't even make financial sense for the construction, huge dilution for a fraction of the required fund... And it will be such a pain for the management as well... Hope Andrew & Co. can finalise the debt funding sooner rather than later. Really feel enough with the cappers and spectators still hoping for a cheap chips through CR... No F Way...
Even with a 100% dilution on the current share register, we will...
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