RE: Podcast coming...22 Jun 2020 09:19
I dont know why people are surprised by this, dilution was coming either way, either through placing or through an atlas conversion and then a placing for intial production costs. One could argue that the last couple of costs should have been considered when allocating money from the initial atlas drawndown, surely initial production costs were known to be a thing at this point? Also makes you question the fact that according to previous plans were cold commissioning before ramping to full prodction, considering their raising for intial production it looks like that was untrue.
Either way long term it works out better but as always, only really favours the traders and those waiting on the sidelines.
Sold my ORCP early for a little profit to bolster my position here a few weeks back. Not the my finest moment