SO4 salt lake potash limited
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Ann: Placement to Raise A$17.6 Million, page-4

  1. ddzx
    37,911 Posts.
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    06/05/17
    10:26
    Post #: 24514464
    to me, it shows the power of Middlemass to raise funds

    if S04 was "simply massive", why would the share capital be diluted by 31%?

    to me, it shows there remains uncertainty & thus the opportunity was taken to raise large funding based on "potential" rather than "realities"
    SO4 Price at posting: 45.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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