RE: RE: Stock Holders Meeting Retiree- this mine will get built.
It is not a $4B behemoth like the 2 projects that you invest in. If the market punishes wpx's stock for its success, what do you think it will do to EPO/Wpx when it is time for them to raise equity.
Neither of those projects have IMHO the remotest chance of being built. But if they did somehow manage it, not one shareholder will see any value because they will have to issue Billions of shares.
Epo alone would need to issue 8 Billion shares on top of the over 300 million they have already issued just for the equity portion of their build.
Krn has 28 million shares outstanding. To get this built they will issue more, but so what. We will have a producing mine with a total share count of around 60-65 million shares.
I hope you do well on EPO/Wpx, I really do, but I think you are in for a world of pain with both names over the next 2 years.