RE: CLN Note & EGM1 Apr 2023 13:40
Thank you for that analysis. Am I correct in thinking then that there are 3 main scenarios? -
1 Farm in - in which case hopefully no need for LG's loan as we give away a share of Exola for a free carry
2 Use Lg's loan and repay later - so, no dilution
3 Use Lg's loan and can't repay so lots of dilution
So, 1 seems best option. I expected that a half share would be given away on a farm in anyway, so thought that there was always going to be some kind of dilution. And therefore LG's loan is just a mechanism to get us past the LU conditions.
Is my thinking along the right tracks?
ATB