RE: Update1 Sep 2018 20:52
I do not believe there will be any more dilution as we have Chris Fraser sorting it out as debt only, after all that is his job and dilution would be a failure by him in my eyes. With regards to project over runs then that is possible but if you put the financial risk onto the contractor it may cost you more to start with but not at the end as it will be there profit getting spent and not our cash. The final build budget is getting completed for the banks as we speak why would the company ask the shareholders for start up money just before production there is a large pot for contingencies and any plant for the Redcar bulk terminal will/should have been included. If we do not get all the TorP's then they may cause dilution and Chris can blame the sales team rather than himself.