Nothing ever encourages any board to keep a share price low, other than in the rare case that shares are so expensive that it is too hard to buy a single share, so shares are split.
The board's primary duty is to shareholders, and that is by doing things that will firstly protect the shareholder's capital (and that's what they're doing now, because without funds to survive, invested capital is useless if the company can't pay its debts when due, its staff to operate, and meet obligations for exploration permits), and secondly to improve the shareholder's equity, by earning and retaining profits, and thirdly, by paying dividends to shareholders when they cannot find a use for those retained earnings that is more efficient than distributing them to shareholders.
The easiest way to preserve shareholders capital is to keep the share price increasing, so that any shareholder who requires their capital back can obtain it by selling shares at a price higher than contributed capital or purchased shares.
Keeping the price low does not benefit shareholders, and any board member who did that would be derelict in their duties.
The only thing the top up facility encourages the board to do is to generate sufficient funds to pay back the loan early, before the share price has increased above 0.8cents.
EGO Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
