The absolute last thing this company's shareholders need in the next 12 months is a CR.
Now I know they will need cash to drill Kito in the next 12 months but a CR should be the absolute last option for this.
I have seen it time and time again with junior explorers . A CR is absolute death for small shareholders.
There is a trend on the asx in small explorers where insiders sell out on the upswing and book profits and then put the begging bowl out for more cash to burn from small shareholders.
Now last time around Swala got a premium off market which was terrific and a great option . But an ordinary CR from us mugs would be death. I just beg that this doesn't happen and all of us small holders let mgt know early that this shouldn't be an option to consider.
I hope Swe Mgt show they are a class above their peers on this.
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CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
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