capital raisings

With disgust today i read of another big capital raising to SBM to shore up a company that's already been given lifelines but not producing the goods. Maybe these serial cap raisers should have a look at the serial damage they are causing to the Australian gold industry's image. If after a couple of goes why don,t they just shut down and let some of the promising juniors get hold of some of the cash that is being wasted and let them have a serious go at developing profitable gold projects.With the money thats been thrown at SBM AXM CTO VRE MON to name some over the last few years its no wonder their is no confidence in the Australian gold industry.