Hi Red,
With the price of IBG at 4.4c and trending lower, surely any first initial raise of equity will be incredibly dilutive at current levels and a barrier for any potential equity partner? With already 1.3b shares on issue, numerous cheap options for mgmt in a few years to cash in (8c in 4 years is hardly reaching for the sky) - what incentive is there for a partner to have equity in the project at this level? Would it not continue to be increasingly difficult to raise at a higher and higher price the more dilution there is? I would have thought part equity will only look attractive to a potential partner if there is less shares on issue - not more.
I am struggling to see how we attract the partners we need at current levels without ending up with 3b shares on issue before we have even started construction. I would love to hear others thoughts..
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Hi Red, With the price of IBG at 4.4c and trending lower, surely...
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Open | High | Low | Value | Volume |
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12 | 12600487 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.004 | 33681459 | 20 |
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