Have U ever seen the ASX allow an issue to shareholders at a...

Have U ever seen the ASX allow an issue to shareholders at a significantly higher price soon after a private placement for operating funds?

The original thought which busted the sp from around 2cps was when a 1 for 1 pro-rata at 0.2 was cited as their intention.

Even that price would be 100 pct higher than the private placement, for which no new asset was acquired.

Yep I would love to see a 1 for 1 pro rata at same as placement price, even 2 or 3 for 1, then consolidate it later, to give long termers a decent chance for recovery.

100 pct owned Webbs and Conrad are nigh on 40 mill Oz's Ag equiv JORC and Harry Smith might be advanced enough for maiden gold JORC and FS for some basic heap leach.

Anyway, all hypothetical at this stage. At least recent corporate moves indicate it may still survive. The hopium is it survives for all shareholders, not only opportunistic new.

Opinion of course.