RE: diamond21 May 2017 21:25
But what do you think the placees get - shares in Senterra
What do we say, £3m raised by issuing 200m shares at 1.5p
Or issuing 150m shares at 2p
Or issuing 100m shares at 3p
Or issuing 50m shares at 6p
It all depends on the assets held but the MCap will be worth say £5m but with 220m shares in issue giving an SP of 2.27p.
On top of these shares issued, many will be held by united I suspect so without knowing the value of the assets, this is the bit that will identify the price the placees wish to pay for the assets held. The majority of the monies will go to united to cover the assets and they will hold warrants valued higher to both refinance future projects and give them an incentive.
That is my view
But you have to remember there will be considerably much higher shares in issue which I think you were missing out from your scenario.