RE: Still not optimistic7 Oct 2014 19:34
Magick, you say.....
If this all comes together in the best possible way (i.e. Meo want an expanded Phase 2 and are funding most of it against expected future gains), then we only need to raise a million quid or so, or 20-25% of the current mcap. I'd expect this to happen through Darwin, at a substantial discount to an already depressed SP, and possibly with the need of capital restructuring. In the best case they'd have this ready to vote through at the AGM, with the funding lined up, but that depends on two possible partners, neither of whom have any incentive to hurry. In the event that Meo doesn't want to fund Phase 2, then Kea needs to find several million to fund a further drilling programme in its own right - if, that is, they still believe such investment to be worthwhile. >>>>>>
What if the £1m you say they would need to raise was loaned to the company by the companies directors? What would that sort of news do for the SP and sentiment?
It's all very well rattling off possible scenarios but there are plenty positive scenarios as well as negative.