Just found this article from The Australian Financial Review. Thought some here might be interested.
https://www.copyright link/wealth/personal-finance/buyer-beware-on-capital-raisings-20190605-p51usm
Buyer beware on capital raisings
The fate of Gascoyne, Orinoco and RCR Tomlinson should remind
shareholders to be wary of being approached for funding.
Last gasps
This is not an isolated case. As recently as March, Orinoco Gold Limited
(ASX: OGX) attempted to raise capital right up until death’s door. However, it
was mercifully pulled from the market the day before the company filed for voluntary administration.
- Forums
- ASX - By Stock
- OGX
- Reality Thread
Reality Thread
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OGX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online