Share
18,466 Posts.
lightbulb Created with Sketch. 987
clock Created with Sketch. 20/11/19
19:16
Share
Originally posted by rick26:
↑
It’s good to see the upcoming capital raising should be conducted at a share price that will inflict much less dilution on us than otherwise would be the case if today’s trading hadn’t been this advantageous for the company. The fairest result would be to push it right up to 20c which is the price many holders paid at IPO before we raise capital, in my opinion. I’m sure Wuxi Baichuan wouldn’t like to see anyone buy in for a large percentage of the company for less than they purchased their 10% for either. If we raised the necessary capital at a much lesser price then our founders might even lose their iron grip of control going forward. I’m expecting another run up into the high teens shortly in order to create a favourable VWAP
Expand
If this mine is up and running hasle free it will smack .20, I'm holding a parcel in another penny stock with around 800m shares on issue and no proven estimate of any gold and it's mv is 18m
