I, unfortunately, have to agree with you, Dacata. This is a disappointing price. Heck, if Tony is keen on raising capital at this low price, surely a rights issue would have been preferable for investors. That way, at least, we could have bought in at this discounted price and mitigated the share dilution.
Surely there would have been excellent support for a rights issue from the company's loyal investor base.
Disappointing also given there was no rush for this capital raising - it could easily have waited until drilling was well and truly under way or even post early results.
Nonetheless, I will continue to support the company and management and have faith in Tony (and the team)'s ability.
Cheers
PLV Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held