We knew it was a cap raise and this just means that they haven't finalised the deal to the extent they can release it. This is better news than the company doing nothing and no increase in production. They need more output to pay off debt so they need more funding to get more output. This is an indication that management have a plan. Whether it works or not is another matter of course but trying something is better than sitting - especially where the sp is at 1.1c. For us s/h though it's fingers (and everything else) crossed in the hope that whatever rabbit they think they have will be capable of exiting the hat!
FDM Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
