Hi phx
Your suggestion is completely valid and reasonable, but here is an alternate hypothetical scenario for you to consider, naturally AIMHO:
NWE board meeting called by MINThe chairman announces: Youse guys need to raise money to pay for all the risky exploration activities MIN has planned. Do a CR at 7.4 cps and MIN will be the underwriter We will pick up all the shortfall. It's a no brainer.
Meeting closed
By the way, I have never owned MIN shares and I have no intention of buying any.
Cheers
ft
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