Hi Guys, Definitely getting excited now which is a good thing considering how rubbish the rest of the market is.
I just have one question Debono, I dont understand where you got the 35c placement price from? I know previously it was touted at 50c.
All I could find in the presentation was an assumed market cap post raising of $80 million based on a 35c share price. I didnt think this was insinuating that the cap raising was compelted at 35c also.
I am still of the beleif that the cap raising should be done at 40c and wouldnt be surprised if its done at a premium to market price when considering the tight nature of the share structure, the potential size of the project and the fact the stock is allready trading at a cum raising discount. Any thoughts?
RIA Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
