capital raising, page-6

Probably Hot Lead, because they wanted the funds quickly and without a complex administrative procedure involving a lengthy time frame, a prospectus, a huge multiple of applications from small punters at 1.85 a share( wow, minimum application $20000 a pop, let's get in!!), high administrative costs and high brokers fees. An SPP could take around two months before the cash rolled in. This way a week or two on only three applications from prestigous bodies. Don't you think that it's a plus and not a negative.
The directors have had to balance the timing of the issue with the PER process, mining approval, and timely requiremant for cash and construction planning and implementation.- not to ealy and not too late. An SPP and prospectus raises difficulties in this context. Don't we want construction started immediately the end of the wet permits and finished in the dry season.
Lastly, I'm not sure why you're peeved? There have been plenty of opportunities to buy CMR at prices less than $1.85. I have.