70m intercept, page-2

Well it's sure done wonders for the share price!!!!!
My feeling of gloom around this company absolutely totalled on the announcement of the capital raising. It's not long since we all tipped in a big heap of dough. Since then we've just had asset sales. Now we're being asked for more money!
What for exactly?

The Prospectus is grossly short on detail.. So we have $600K for further work in Aus and $600K for work in Chile....Doing what where? Then the real beauty almost the same amount $500K for 'Administration' What the hell does that mean? Increased fees for Directors? Just what?

Maybe the management would care to enlighten us further? Is there an end to this continual demand for more money? Or is it just a plan to keep milking shareholders?

Without further information giving money to anything associated with HLX is just throwing further good hard earned money into a great big unfillable black hole.

My sentiment is HOLD because it is impossible to do anything else.