RE:RE:RE:RE:RE:RE:RE:3 Jobs and Mine Financing Soon VillaManya wrote: .......things only look good for a refinancing if they don't do a private placement at the current SP with their mates and where the new shares have huge numbers of cheap warrants attached so the rest of us mugs get diluted to hell and back............
In the last PP, for which a lot of people complain but was a good thing at the end, 5 861 337 warrants were attached to it at a strike price of 0.74. They expire in June 2025. They are the only warrants outstanding.
Kevin and Rob are not too prompt to offer warrants but it is expected when raising an important amount in equity when financing the development of a project. For example, Marathon offered one-half of one common share purchase warrant to raise $150M in equity. We certainly do not have to raise that much in equity for Goldboro and Kevin mentionned a couple of times that they will raise money using equity only if conditions are favourable. "Keeping dilution to a minimum" was always Kevin and Rob motto and up to now, they've been following it very well.