RE: The financing?30 Aug 2020 07:39
If we cast aside Vermelho for the moment and use a conservative calculation...
Remember JM has hinted that there may be an increase in costs..hopefully fairly modest but...
My simple calculation in good old GBP (keeping it simple for me) and considering I left school without qualifications and a lifelong dislike for maths..you might like to check it...
Assuming £80m equity needed, then 1 billion x 8p = £80m, so 1b extra shares would put us at just under 2.5b shares
Personally I think it might be closer to 2.3b after offtakes, possible higher sp etc, so assuming an offer of £600m, would give us 26p ps, which I reckon would be somewhere in the right ballpark.
Remember this is just for Araguia!
For those still thinking of top slicing. I dont think I will be but fully understand everyone has their own needs, tactics, risk tolerance etc.
I personally look at the price/situation/risk at the time I might think of selling and ask myself, if I wasnt invested here, would I think its worth buying. If the answer is yes then its a mistake to sell any but personal circumstances and all that, its a difficult decision, esp for the guys/gals here with big money at stake.