End of paragraph 2 gives the answer as to why the urgency- The government money being used to fund the development is “matched funding” so to get the money they have to have the money!!! Which they don’t currently have. I wonder have still thought debt was a better alternative and obviously Hawkesbury and Cannacord set the pricing to make their job easier. We shouldn’t have had to offer such a big discount on such an already stuffed share price. DR needs to come back with some REAL news to get the price moving again or the rights issue will be a no go. If he brings back big news it might be worth something. I hope the new institutions and sophisticated have been vetted to be holders not traders or who knows how low this can go !!!! Euan I would have thought would be better connected to managing capital than to get us into this deepening mess.
ADO Price at posting:
2.2¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)