RE: Dilution !!!!!17 Aug 2018 19:17
Unfortunately amongst many holders, as time goes by, and the last tranche of Torps is not coming, and no word about commitment letters, the hope of the 100% debt scenario is waning. The longer this goes on, the slimmer the chance of our ideal scenario, and this may be beginning to show in the SP.
If it were easy, and "in the bag", as some have said, it be public knowledge by now. I think, at this stage, its clear that its not as easy as we would have liked to think. Get it in your head, the banks are NOT queuing up to lend the money, and the off taker are not queuing up to sign up for torps. This is hard work. There is demand, but its not overwhelming.