There hasn't been much discussion here recently so I thought i'd pose a simple question.
If Ironclad were to do a capital raising next week at $0.18, who would take it up?
In addition to this, with announcing the capital raising they would also announce finance via a lending facility that would see the project fully funded into production before Christmas 2013.
Given IFE's spotty track record of meeting targets would you take it up knowing finance is in place as well and mencel is captaining the ship, or do you pass as your not willing to risk any further dollar on their competence as a prospective producer?
Personally i'd take it up but only a very small amount (i.e. probably the minimum allotment) to reduce my cost base further.
TYX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)