Well said Wasa, I don't think anyone really understands the risk of not having a weak balance sheet. This is not a timing issue as far as I am concerned, nor do I think the BOD believes timing is an essential element. I am more than happy with the metrics of the business being met, like many others.
My major concern is that any bubble in cost or timing (ie FAR needs the money desperately) eg after appraisal results, the what you will find is that the manipulation will come from many angles, incl JV.
Now what happens if some predictions are right and we get a collapse in mkts end 2015/early 2016. Don't bank on anyone coming upo with a quid at any price, or if there is a price no one is going to like it. Why, because there will be limited options.
Take the money if we can get it just like FAR did late last year.
Capital Raising, page-56
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Mkt cap ! $45.74M | |||
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