Reiners what is the difference between Debt finance and an equity raise...?
I know the difference. And boths will have Debt finance and an equity raise. GPX 50:50 and WKT maybe 40:60
For share price calcutation your other projects are at the moment more or less worthless. Perhaps later there will come a positive valuation.
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And yes Castlelake has the chance to drop down share price just in front of the capital raise. But i this case they have only 1.65 m shares and market could take the shares quickly.
You underestimate the coming perfect newsflow at GPX. 3 Off take binding with excelant customers. And a very good BFS with increasing NPV. This could brind the share price quick in the range of 40-50 cent. And then the CR will come with 28c.
In my simulation a GPX shareholder can get 1 new share for 3 old shares.