Guys thanks for your debate regarding capital raising.Just a guess but I think they would be 10 million short, You know , delays for mining approvals , cost increases etc you know the drill .Possibly trying to get off major stakeholders at the moment.If they do at these very low share price levels , it may be extemely attractive ie 15 cents plus expensive long option .I know this would make us spit out our Weeties .but they are allowed to do it for up to 15% of share capital & without consulting existing shareholders .The company knows shareholders are jaded with how long all this has taken & are desparate to see processing commence .The shareprice is testamant to that . I think all the hulabaloo about Cannindah just at the moment , might be to ease the pain of a bit more shareholder dillution .Anyway we''ll just get an announcement one day , and we'll go "o-well" at least it's finally happening .Guess we'll see soon enough!
QOL
queensland ores limited
need for a capital raising, page-8
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