Apologies if this is repetition, thought I posted earlier but I don't see it...
$1.76M is enough to last a few quarters, given slower cash burn now that the BFS is done.
Of course the brokers will be harassing JD to do another CR, I don't think it's in our interest at all, but he may just agree there is a need for it. In this scenario, positives that I see are:
- A CR is PR. previous CR's have seen 50% share price rallies.
- Nyrstar may participate to maintain their 19.9%. Recent news stories say they're re-investing in their ops again, if they participate it would be a very good sign for Citronen.
- We need more shareholders for greater liquidity. It appears there are 1 or 2 short term traders who are happy to cap and trade the SP at 8c or less. A CR should break that pattern.
Cheers
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