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5,291 Posts.
1066
27/05/13
15:51
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Market doesnt like it. Fresh lows. No one trusts them most likely. Another capital raising is what the market is saying.
But what? They probably need a 100m? Would add another billion shares as destroy GBG.
I'm glad they have some prepayment arrangements. But this is dangerous. We could end up like DML.
Dog of a stock. Magnetite is tricky... As I said this just further confirms not a single company will bother with magnetite post this.
Could have been worse but they haven't ruled out a cap raising... Who would of thought we were once worth over a billion.
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