AEX 0.00% 1.1¢ acclaim exploration nl

waiting, page-9

  1. 4,312 Posts.
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    Hi Jam,

    To clarify what I meant, the financing of the Guinea acquisitions would possibly require selling MLX shares if the DD results are poor. If the DD results put a rocket under the share price, a share purchase plan or placement may be an option. If the results were poor a placement would probably need to be done at 3cents.
    Therefore a 100 million placement would only raise $3 million. If the Guinea tenements excite the market, the stock may be re-rated based on this alone?
 
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