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Everyone should be expecting dilution and no one is hiding that fact ...it's the terms of dilution which is not known
if I said to you put your hand in the fire, would you? lol
smoke and mirrors on the finance, brave call that raz
Your post has also covered both scenarios lol well worded ...it's great when you can't be wrong
What are you on about I am being straight and also giving you logical not pie in the sky answers ....you are the ones that seem to know what zema do and do not need
Why can't you be straight razor? I think that it's very likely that finance will be conditional on approval (hence the massive dilution we will see here), but ZEMA will be putting themselves in a truly precarious position by signing this off on the basis of a promise by an external party. In my experience, organisations like ZEMA want to see the bank balance (with an audit trail) and not an i.o.u. in advance of signing it off.
KBC I said that yesterday although the cravat is there that figure may rise ..this also may be bmrs part as I think money is available from WB
So Schand if that's the case can you concede it's not an issue
raz do you think the elephant in the room is how much it will cost to leave the site "clean" $1.25m is a joke.
For all we know finance could be conditional on zema approval with Hunan or even WB ..zema would be aware of this