tbaytrader: Agree that 7.3c is too big a discount (and without letting long-term holders partake!). Disappointing for certain.
Also, announcement is very vague on the usage of those funds. Namibia is mentioned but not Baniyas - not surprising to me.
Wonder how long it will take to "chew through" those newly issued shares at a low price? Comments welcome.
wasa
$5m insto placement, page-11
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