Very good question. It seemed that we were heading there, but this Cap Raise without doubt will stymie the SP just as it was awakening from its slumber.
Back to your question, I wonder if shareholders would have been better off taking the cash at the time, and the answer is probably yes. On the flip side the tenements would now be in foreign hands, but what's new ?
Your question will attract a range of views, mainly highlighting the future potential, but to your point it would be good to have started realising that potential, and have it reflected in the share price. The number and frequency of future Cap Raisings is also a factor.
A question to you Rabbitoh - Would you consider getting back in again at prices around $0.10c given the recent Kincora and Myall Creek progress ??
AJQ Price at posting:
13.5¢ Sentiment: None Disclosure: Held
