But now thinking about it, as they have enough cash, do we really want anyone to take up the SPP/would no be better as less dilution, then raise again at higher price when the time comes next year?
Everyone does complain about dilution. haha
Either way, it's going to current holders if/what does get taken up.
Surely an Ann or two next week to spice it up, and there's quite a few things due anyway.
Cheers,
GB.
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Haha - I don't think they give a stuff if you or me or any other holders don't take up their entitlements.
They've got theirs in the CR, and likely more through the SPP, and have given all holders the same opportunity to participate too - up to each holder to decide on their own.
The CR funds are more than enough, along with the $6-7M? that they had in the bank before the CR.
Gives them $11-12M (without any more funds raised from the SPP) with no more resource drill-out occurring, with 3 rigs spinning non-stop (ie. much lower spend).
Full Kimberley program would've cost them what, $400k?
Anyway, each to their own, etc., but when it's just a CR, some complain that they didn't give a chance to holders to participate at the same price (even though almost always trades at CR price anyway), and now that they are giving all holders a chance to participate, some are complaining about that too. I guess some can never be pleased - such is life?
Each to their own, it's your money and your risk/reward, and it's everyone's time that they're using up posting on this site (when they could be doing anything with that time) - some people waste their time and others' with their posts (talking in general and not about you, for the whole post), and others put in a loooot of hours and their expertise to share with everyone (thx, salpetie, even though I can't understand half your postings as I'm no geo ) and improve everyone's knowledge of exploration.
Anyway, hopefully the markets overall start showing some signs of life in the junior resource part of town, in addition to another discovery or two from the DREam Team.
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DRE Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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) and improve everyone's knowledge of exploration.
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