Bert Stedman
115:05 - 115:43
"just assume it's $60 billion, and at 70/30, that's $18 billion in equity. Somebody's got to put down $18 billion in cash. I would expect the guy that comes to the table with $18 billion, the guy with the gold makes the golden rules, is going to want a significant majority of the equity position or he won't put his $18 billion on the table, he'll go somewhere else. Therein lies a dilution problem or a challenge."
“just assume it's $60 billion, and at 70/30, that's $18 billion in equity. Somebody's got to put down $18 billion in cash. I would expect the guy that comes to the table with $18 billion, the guy with the gold makes the golden rules, is going to want a significant majority of the equity position or he won't put his $18 billion on the table, he'll go somewhere else. Therein lies a dilution problem or a challenge.”
- Speaker
- Bert Stedman
- Timestamp
- 115:05 – 115:43
- Source
- SFIN-260528-0900
- Community
- Alaska News
- Captured at
- May 28, 2026
From the transcript
Yeah, I mean, so just assume it's $60 billion, and at 70/30, that's $18 billion in equity. Somebody's got to put down $18 billion in cash. I would expect the guy that comes to the table with $18 billion, the guy with the gold makes the golden rules, is going to want a significant majority of the equity position or he won't put his $18 billion on the table, he'll go somewhere else. Therein lies a dilution problem or a challenge. So I think at some point we need to have that discussion with AGDC.