I would gladly be wrong, I just cannot see any upside for EHGO in bailing out exiting shareholders. I guess we will either be diluted to oblivion combined with a major share consolidation or EHGO takes it private giving existing shareholders nothing. EHGO are not going to hand over £50m for this basket case of a company without taking their slice to substantially reduce their risk
I love what the company is doing and am all for the green revolution, but at current market caps the likes of ITM and CWR are over valued and are heading in the wrong direction, especially in the imminent rate rising environment.
Assuming we take a sizable share of the A$900 order book and on top of the already A$200m confirmed, I’d prefer a A$50m loan over 5 years than another placing!