And by the way, out of the $10million, $3 million is being paid back to PNG for paying the Tulla loan. So we only have $7 million to spend on projects. (If the rights issue is fully subscribed)
If history is to repeat itself, it is anyone's guess how much the next round of dilution will be as we have seen the dilution volume quadrupple this year by the management.
So CR without shareholders permission based on percentage or a big volume by the way of rights issue. Either way, we get diluted of our investment.
QMN Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held