If they choose the share dilution route for funding which we both know is only one option out of many companies can take for funding growth. Between now and when they need to raise capital to cover their expansion plans, there is also a plausible situation they receive contracts for their services, that will send the SP higher which could even make the current SP less than the upcoming CR. These machines take years to commission so they have to pull the trigger ASAP if they want to expand in the near future so it is the right decision.
From what I can see on my weekly chart 20 cents is likely since it has broken the trend line and there's some support around the 20c mark. I will be accumulating more if it holds around the 20 cent mark. I took a chance on entering @ 27 cents just under the previous support around 30 cents which it broke but with a smaller portion of my capital allocated for this stock.
3DA Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
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