The company is here to find copper, not raise money.
You've achieved a personal best... They need money to run the company, remuneration for execs and BoD salaries and wages, contractors etc
D*ck around with royalties and CRs in the off season.
Let's say they run into ordinary drill results that hasn't ignited the market and they start the process of raising during the off season as you suggest, and with little to no cash in the bank... how do you reckon they'd go? Market cap low, heading into 5 months+ of nothing, and the Northern Winter where the value got smashed last year.
Just like you're here to make money, so is Dave and all the others associated with AW1 and it's Dave's responsibility to make sure they don't trade whilst insolvent. Your suggestion would put that at risk. As I've said previously all miners are going an 'early' raise, it's a tight market.
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13.0¢ |
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Mkt cap ! $67.29M |
Open | High | Low | Value | Volume |
12.5¢ | 13.5¢ | 12.5¢ | $131.3K | 1.025M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 243565 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 363322 | 8 |
View Market Depth
No. | Vol. | Price($) |
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2 | 243565 | 0.130 |
5 | 493600 | 0.125 |
15 | 487666 | 0.120 |
5 | 574356 | 0.115 |
8 | 628454 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 277322 | 5 |
0.140 | 743752 | 5 |
0.145 | 101538 | 3 |
0.150 | 347626 | 10 |
0.155 | 189211 | 5 |
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