RE:RE:HELMThe money Helm is putting into CRE will be used by CRE to build a plant. It is CRE that pays for the plant not Helm. Helm is only putting money into CRE. There are two ways to put money into a company: creditor or shareholder.
If Helm becomes a creditor, CRE will have a debt (liability) toward Helm. CRE would have to reimburst the debt plus the interests related to that debt. CRE's SP has no consequences at all for Helm if the money put by Helm is a debt. Helm would not get anything else than the interests on the debt out of CRE's futur operations and profits.
If Helm becomes a shareholder, CRE has no debt, no reimbursment to make to Helm and no interests to pay. But Helm gets a number of CRE's shares and would get part of the future CRE's profits by mean of increased SP. The question is not how much money Helm puts into CRE (it is 25% of the project, that is 40 M $ if it is only the first phase, and 70 M $ for the larger plant), but how many shares Helm will get for that money. And in this case CRE's SP is very important. Lower the SP, more shares Helm will get for the same amount of money put into CRE.
I think that Helm would greatly prefer to participate in CRE's futur profits being a shareholder than to get only interests from a loan to CRE. I think mostly probable that Helm is currently manipulating CRE's SP to get the most out of their money, especially that they have privileged informations on the coming BFS.
This would bring more dilution to CRE if Helm and CRE announce a financing agreement BEFORE the BFS than AFTER the BFS as negotiated in their agreement. More dilution means lower SP in the future. But if you were JSL and JFM, what would you be ready to accept to get the financing of the mine, and finally get very rich any way? This would be a good question to ask to the management.
JMHO
PADAP23