Post by
goldwatch69 on Jan 31, 2023 10:37pm
READ THE OFFERING REPORT
The spending plan is in the offering report posted today at Sedar. Ask yourself why are they only raising US$7 million? It's hardly anything especially when they have 10's of millions of funding at their disposal. It's a small equity raise to help carry out the planned Wassana expansion. The rest will come from existing cash and advances from funding available. READ THE REPORT.
Once the Mubadala deal closes, plenty of cash will be coming down the pipes along with more advance funding available.
"Upon closing of the Acquisition, a drawdown of up to US$50 million is advanceable to the SPV from Trafigura Pte. Ltd., which is in addition to the initial potential maximum capacity of discrete drawdowns of up to US$30 million, under the facility announced on November 11, 2022 (the "Facility")."
The $30 million drawdown was planned for Wassana. How much they want to use is in the report. With the cash from the offering, cash on hand and advance funding, the short term plan is to spend US$48 million including the US$10 million to close the Mubadala deal. Yes the deal is still on.
READ THE REPORT
They don't need more money. This is just a small raise to draw a line in the sand and support the stock price. This will circulate and more will come to the table. It's good financial planning and it's happening. Just another deal with little dilution. The Mubadala acquisition will bring in a lot more on closing.
Tomorrow will be a very good buying opportunity. Back up the truck!
Comment by
SMlachake on Jan 31, 2023 11:04pm
VLE is trading @ X4 end-Nov/early-Dec (about x8-9 mid last year) prices and someone better informed on where things are concerning the Mubadala deal and Wassana found it wise to drop 10M at current price. They must be really bad at gambling, I am sure the market will take note of that fact.. why are all these bashers out in force?
Comment by
traderlong2 on Jan 31, 2023 11:13pm
They want shares cheaper ! if someone buys a block at that price i hope they triple their money in 60 days ohhh drag us longs for the ride please gllta
Comment by
nozzpack on Feb 01, 2023 6:18am
$10 million got them 4000 bpd for KE assets. Why wouldn't $10 million get them 4000 bpd by buying the bits and pieces of Mitsui and Palang . Perhaps just coincidence..
Comment by
Hannamuk on Feb 01, 2023 7:50am
Forgot the MOPU cost and initial payment to KrisE??