PRW 0.00% 0.1¢ proto resources & investments ltd

Ann: Annual Report to shareholders - Amended , page-6

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
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ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 1,126 Posts.
    I am not so sure that the PRWOB's will definitely be out of the money. I admit with a large shareholder holding 70% of shares and not committing to buying the PRWOB's, it doesn't look good for them. But you would think another 10 million dollars would fund exploration for both Doolgunna and NT next year. Very important IMO since they are cash strapped at the moment. If I were management, I would be doing everything possible between now and the end of December to get the OB's over the line. I am a holder of OB's and remember the original reason given for the issue of OB's - "A reward for existing shareholders" in the last capital raising.
 
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