Crazy,
They raised the extra cash to cover their own backsides.
Now the can pay themselves and do the necessary drilling for the next 6 months or so.
I spoke to Mr Dugdale and said the board made an error of judgement in my opinion.
He said I was entitled to my opinion.
But he was happy with the decision.
Of course he is happy.
Forget the shareholders who were buying above 3c a few days ago unbeknown this extra stock was taking place.
Many are feeling a little cheated at the moment.
I am one of them.
rmx on 13rd feb 2014, page-65
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