With the injection of the additional 52mill the value of the company just on cash is now around 40cents per share..
52+17=69m /1687m...not including the IO resource...
Given the type of dollars required to push this project to the next stage a Capital raising was inevitable...this is not all doom and gloom and is a normal part of this type of business.
Just think they will have all this cash to fast track this project
Will the 1 for 7 shares be available to normal shareholders..I hope so as i will be taking part...if shares are offered at 13cents..
Ann: FMS Capital Raising , page-21
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Mkt cap ! $160.8M | |||
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