An amazing announcement! Few saw this coming! Yes we have a share dilution, but now we also have a stronger looking bank account!
Maybe Monday's presentation might shed some more light on what the company's future holds, when mining might begin etc.
Looking at the company from the viewpoint of a large investor, having about $3m to $5m in the bank, for a 2.5c stock, doesn't look very positive? With extra money in the bank, the company may look more appealing to larger investors.
Will the loan facility be needed now? There will be much more drilling done now using these extra funds, or could ABU ramp up to stage 3 quicker than anticipated?
Just posing a few questions and trying to see some positives in this move.
No doubt there will be a share consolidation at some time in the next year or so. A buyback may be an option in a couple of year's time also?
Those who bought at 2.9c to 3.2c wouldn't be happy today!
This stock has a bumpier road to success than the Tanami Desert Road! But I'm in for the long haul, (and I can't afford to get out either!)
Let's hope the presentation makes us all feel happy and excited next week!
PS, Darren, please no more rabbits out of the hat for a while, unless they a bloody brilliant ones!
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