Everyone's got opinions so I'll give mine on today's capital raising news. Why not wait till after series of announcements expected in next few weeks which would push share price to over 4c that capital raising can raise on that price which would mean less dilution and shares.
So with timing so off with this news, I wonder if something forced the company's hand rather than raise money for drilling of 2nd and 3rd wells which we were happy to WAIT till after Jewell started producing cash revenue stream. What that is - I do not know hence I cannot speculate.
Ann: Trading Halt, page-105
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