Voltalia Ord Shs VLTAF

RE: Knockout punch

[ALLEN4]

Then what??   The nice thing about this nonsense is that we are not dealing with an option with an expiry date.  So the option we have on Volta now is not worth a lot for anyone wishing to cash it in, but there is no expiry date, so we will live to fight another day.  There is of course always the fear of dilution, but I am confident that we would never see VTR flood the market with shares at these levels to raise 607 miliion.  If we were at these levels  in the new year when feasibility study completed, then we would likely put the Kiaka project on ice on slow down operations or focus on something else.    But things will change no doubt, and all the hand-wringing will have been for nothing when we get back to normal at some point.