Disagree with you there mate - If that was the strategy should have raised it last year when price was well into the 20's.
Unfortunately, and from my recent experiences BKT is not alone, equity is having a snipe at junior needing sizable funding requirements.
The SP might seem dire to the raise last year however you can't underestimate the appointment of the Big Mac as adviser. Tells me there are less dilutive options that are active and attainable.
Ann: Sydney Mining Club Investor Presentation, page-5
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