RE: Breaking News: Mongolia - China CNPC Talks!25 Feb 2025 10:54
Jimi, they can 'only' issue approximately another 640 billion shares at the 43% that will be allowed post AGM. But even at that level, 1p is obviously $6.4m, which won't go far. And with the bid now 1.25p, would a raise really be as high as 1p?
But it's OK, because as WOS exclaimed on 21/2: "RNS 'WITHIN' Next 5 (market) Days for First Cash Injection Signing!!"
So, that will mean we'll rerate to 3p for a raise at 2p, we'll then have $13m to fund multiple additional wells and we'll all be millionaires.