current shares that I am aware of, plus options, around 480 mill
I am not aware of any other options or agreements, any information would be welcome.
VR8 cap raise at 15 cents/share to get to the attributed capex using 70% debt/30% equity split (A$60 mill)=almost 400 mill new ones, so the new total slightly under 1 bill
That is new shares raise the US$44 mill shortfall=A$60 mill = almost 400 mill new shares at 15 cents.
If I've missed something I'm sorry, and of course its only best guesses and we don't know how this will unfold yet
At this stage it is just crystal ball gazing, but it does influence me about whether I can see value and invest, so far I have and what the numbers do for me is give me a thesis for what I can reasonably see as being possible, and then I forget about the day to day share price movements and focus on news/developments over the next 6 months.
