Amigos, I reckon the 3 biggest investors plus management will...

Amigos, I reckon the 3 biggest investors plus management will take up their offer of shares, which means 40% of the capital will be raised. Also the nickel bulls will take up their offers plus apply for some shortfall. So there is another 25% to 35% of the capital raised. The remaining 25% to 35% will be the shortfall (we'll know the true percentage by this time next week).The shortfall will remain open for 3 months (according to the prospectus). It will be an opportunity for the brokers to bring in pros and investment houses. When the dust settles, the market cap of Corazon will have doubled, shares on issue will have doubled, but the company will have about $13 million in cash (ie it will have raised $10.5 million plus have the exisiting cash of about $2.5 million). Longterm holders have been given a very difficult decision because we all bought our shares at higher prices. Now we have to ante up or dilute. Keep in mind that the drill rig is sitting at Fraser Lake on top of the first hole for the new program. If the drill hits the long intercept of massive nickel sulphide, as predicted by the geophysics, the offer in hindsight will have been an unbelievable buying opportunity. However, even if the geophysics turns out to have been another misleading direction, the company will turn to Miriam in WA which could be a great exploration prospect. There will be no need for a cap rasing for a few years. Meanwhile, all the big player will ensure that the 20 ore bodies in the mining camp at Lynn Lake will be mined to produce metals for EVs. So I don't see any downside from hereon. That's it from me, @Y4ukikmycow. I'll be taking up my offer simply based on my ruby-coloured glasses and a dusty crystal ball. Good luck with your decision and to everyone else.