Good to follow your own path and not rely on anybody else @flaming
Well the net current assets were tight in the half year report, but this did include the initial orders of gear for the processing plant. There has been mention of the Investec facility for $17.5m, with 15m of it being for the plant. There are extra costs this quarter, but q4 is meant to be very good for net cash, I expect.
If they decided to crap raise on a fair pro rata basis I would be fine with it, especially assuming the interest rate might be pricey on the debt facility. They don't appear to need one, but they don't usually advertise these things. Sometimes when a crap raise is expected, the SP gets sold down prior - leaky ship syndrome - no signs of that so far.
MOY Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
