GREY:NMKEF - Post by User
Comment by
Smokeramaon Mar 27, 2019 8:28pm
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Post# 29545521
RE:What are the odds
RE:What are the oddsThey need $400 to $500 million to finish construction. This the first revised estimate. It could be much higher.
The most probable scenario is a CCAA application which will render the current shares worthless. New shares will be issued to new shareholders to raise the required funds.
I don't see any other way out of this. I suppose a massive dilution with a 100 - 1 reverse split shortly afterwards is always a possibility too.