RE: Lifestyle14 Nov 2024 11:34
chambery, 25% of $310 m is almost $80m, which could be raised for example by the issue of new shares which would heavily dilute existing. that could be mitigated by the issue of say 4 new shares for 1 now held. at 15p/new share that would raise just about the amount deltic need to remain in the project.
however given the projected value to the existing shares in issue (50p) ,*****uplicating shares in issue reduces value pro rata (ie 10p). the numbers do not make economic sense, without allowing for the uncertainty proposed by the " net zero gang"
michael spencer seems to have made his decision.
the only option will be sell the asset otherwise we could be in the same situation faced a few months ago with pensacola.