I am so happy Better than I thought Well done to management and we have $5 million
WRT to all the downramping regarding placement at 7.5c
Well I decided to perform some calculations
Originally circa 250 m shares With dilution (70m shares at .075c) Total 320m shares
Theoretically If raising at 20c(as Ample previously did) 250m shares ($5million at 20c= 25million shares Total of 275m shares)
320/275= approx 15% reduction in share value
1 If this gets to $1, well Id be happy with an 85 cents sale 2 Much happier with the $5m and 325 m shares than no money and 250m shares 3 Ralston is a champion
Sometimes we have to stop whinging about Capital Raising In fact I bet we are all banging our heads for not taking the share offer BD
BMB Price at posting:
11.0¢ Sentiment: ST Sell Disclosure: Held