On a different note, the management should wait to see whether the options will be exercised before contemplating any capital raising at the AGM. If options are exercised the company will receive $30m and therefore there would be no need to raise any further money. Tell that to our directors and see if they are acting in the interests of the company as a whole. I am interested to see what ASIC would say and whether they would investigate the fees claimed as administration expenses. Who calculated that for every dollar used to drill they spent $0,50 on admin costs? Can we have that analysis again please?
GWR Price at posting:
89.4¢ Sentiment: Buy Disclosure: Held
