AUL austar gold limited

fortrend, page-14

  1. 3,077 Posts.
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    Vertigo, where did I ever say I like Mantle using Fortrend. I might have agreed with having a $10 Million facility available for a large project but I have never agreed with using Fortrend for small cap raisings. I thought for a time that maybe the Fortrend drawdowns were not that bad but now I find out they are selling down nearly everything why would anyone agree with raising capital via Fortrend. Quite truthfully I am enjoying the views on this subject and brings it to a head which was my goal. I want the board to know it is not the right facility to be raising capital. Go SI, Rights Issue or Entitlement issue but leave Fortrend out of it. Mantle board need to remain consistant with its raisings and do them properly. I know someone on here said Super funds dont invest in Small Cap stocks and I know that, I was trying to say that the share price will never get anywhere near a mid cap stock if they continue to botch the capital raisings no matter what there assets are or potential. Super funds are out to make profit but when the market cap is around $300 Million in the future and MNM go Fortrend again, do you think the Super funds are going to stick around, of course not. Worse facility I have ever seen and any stock I see arrange a facility like it ever I will sell immediately and buy back in when the share price has been smashed, like Mantle's has.
 
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