RE: RE: RE: RE: RE: RE: RE: Large Shareholders hr - thanks for the info.
I think you/we need to figure out what the LOM (and specific) terms is for each of these.
Looks like 7.5 years for Mutiny. Couldn't find the others.
For Eagle, it will be at least 10 years...so i think the terms may be a bit better here. Maybe $120m for 10%-15% at $600-700?
They also may look at doing straight forward sales for a portion of production, which could be less expensive.
I'm also guessing that instead of straight equity, they'll look to do convertible sub debt with a higher interest rate and conversion to shares at maybe 40-50 cents/share.
Either way, i'm guessing that we're going to get 20-50% diluted at some point this year, inclusive of all of this. Still, 22 cents/share is extremely cheap for all of this.