". . . a trading halt in relation to a potential material capital raising". All aboard for the dilution express. What will this do for the warrants/options d'you think?
Yeah it will be interesting what "material" means in relation to $$$.
A lot less dilution whatever it is than it would have been at 50c a share.
There was always going to be capital to raise and more to come to fund development.
However it's pretty hard to be upset about company that's SP has performed & they have the potential for a very significant project.
That could generate free cashflow of its current market cap each year.
Potential Cap raise, reading their Advice sent to ASX
If this resource is all the growing updated reports suggest, then where will the SP go ?
Different band of holders in this one - the Kiwi contingent probably aren't the pump & rapidly dump merchants seen elsewhere & SP has been fairly resilient contrasted with others over the ditch :)
Mabe they all can see McRaes just down the road ..
Wouldn't think so. Still MUCH more fun to be had.
Only way could see that is if they couldn't see themselves getting consent or raising the money or operating the mine.
Uncle Shane will take care of the first one.......:mellow:
Or maybe a JV - OG have been at McRaes for years but how much longer has that got??
It's an Australian company, if it's fast tracked, I would like to see a syndication of Australian & international banks. It may mean some hedging, but at the current gold price & contango that may not be such a bad thing.
Either way they still have to complete a DFS.
I realise that but for all intensive purposes its in N Z and with the N Z greenies running amuck they have to deal with the them here in N Z and Im picking that the Aussie funders are looking sideways at this ! too many hoops maybe , look a NTL ?
Bring on N Z First and lets see how good they are ?
Different scale to NTL in regards longagevity, jobs & revenue. It's a pretty compelling argument for a project like this to go ahead imo.
Santana has quite a bit of publicity from Shane Jones and the like but I'm yet to see much protest. I'm sure there will be some, but it's likely to be nullified by the current Government & the economics it will deliver to the region.
Just my humble opinion.