RE: Observation24 Mar 2019 08:31
KME definitely is a good deal. I'm not necessarily against HBR provided 1) the deal is as non dilutive as possible (better still, not dilutive at all), and b) we have serious assurances of the highest degree in terms of confidence to turn the asset around, to revenue producing, in the time frame proposed. It shouldn't come as a surprise if there's hesitancy amongst PIs as past history has shown the kind complications that emerge with projects and timescales, granted some of those issues have been out our hands.
This all said, if the nmethod to secure our 50% of HBR is completely non-dilutive, I'm open to moving ahead with it. By this time, after suffering years of depreciation in the SP, I want as little unnecessary dilution as possible and the opportunity to see the SP rise unhindered. We've begun the journey and turnaround. The RHA deal has laid those foundations, with further news upcoming.