06-12-2015, 03:30 AM
Clearly PNG is still interested, otherwise they would have just let the options expire. Can't see how this would impact the schedule at all, given that CEO Johnston has stated they have enough funds to operate for another year.
It's fine either way: if PNG opts in, Nautilus gets the remainder of their funding but at a reduced equity position. If PNG can't find the money in 6/9/12 months then Nautilus will have to raise additional capital, but will retain the considerable revenue from the 15%.
Good day to pick up a few more stealth shares.
It's fine either way: if PNG opts in, Nautilus gets the remainder of their funding but at a reduced equity position. If PNG can't find the money in 6/9/12 months then Nautilus will have to raise additional capital, but will retain the considerable revenue from the 15%.
Good day to pick up a few more stealth shares.