if we needed funds for a JV. It might require much more than the 10% they were seeking via res.6 What shareholder would say NO at an EGM to raising funds for a JV? very few if any would be my guess
We'd like to see management grow the company rather than keep the lights on through highly dilutive capital raisings at a decreasing SP.
Any fool can organize a CR at a 30-40% discount. They're being paid the big bucks to grow the company
Here's a bit of humour for you Bricky:
How do you make a small fortune?
Start with a large one and work your way down
ADO Price at posting:
2.0¢ Sentiment: None Disclosure: Held
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