re: Ann: Appendix 3B and Notice under Section... I guess nobody has thought about why they have chosen to do such small placements.
obviously due to the delay, they need additional working capital to keep the ball rolling.
but the fact they try to keep placements amount as small as possible tells me the expectation re near term cashflows in a couple of months time
or they have confidence raising more in much higher price.
I cant stop thinking about the possibility of placing the 1.8c shortfalls which is due to close at the end of Apr
one only needs to look at what ZRL has done just 1 week before their shortfall placing deadline to see what a company can do to get SP over the line
ZRL has done nothing for months, then magically just one week before the 1c shortfall is due to close, bang, big pump to 1.6c, fuelled by expectation of news release.
im hoping for a repeat of similar style here.
end of Apr, 1.8c shortfall with 1 for 2 free attaching options due to close
end of Apr, commissioning
here is hoping we all have big smiles after mid Apr
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- Ann: Appendix 3B and Notice under Section 708A(5)
Ann: Appendix 3B and Notice under Section 708A(5), page-11
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