Nobull is correct. The note will go. We should have no dilution...

Nobull is correct. The note will go. We should have no dilution now until time to finance Sandpiper. Mawarid may have all they want now so financing will be an important test for all of us. With MAKs 42.5% plus their share of UCL they now have over half the project. Will they hold that through financing? Or will they allow their share in UCL to be diluted? I would prefer them to contribute other wise we might need to bring in a 3rd major party which usually happens at a discount ie dilution.

I am confident management will do their best to minimise dilution but we are a small company and the capital may be a multiple of our market cap at that time.