This in no way reeks of desperation.
Also the precedent has been set with repatriating money from Angola - the last ~ $5m was received pretty quickly.
A big chunk of this raise is slated for Lulo kimberlite exploration at Lulo - presumably reducing the amount of cash to be repatriated from Angola.
Ann: $12.5 Million Institutional Placement, page-10
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Last
3.9¢ |
Change
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Mkt cap ! $11.31M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 145000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 261591 | 2 |
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