RE: Better bet?22 Mar 2022 15:19
Environmental permit patience aside, I’d be stunned if we go to much further than 2bn shares. Even if we raised our full 30% at 15p, that’s 800m shares (£120m), maybe and possibly less. So realistically, the company will introduce staged raises so £50m at 15p, £50m at 25p, £70m at 35p, for example.
In that regard, with EML you can see a clear pathway relating from fund raising to achieving goals in construction. I don’t see that with Kore. To raise big money with an existing s.p at 1.3p, existing shareholders will get royally ***** slapped. All about timing your entry, I guess.