G79 0.00% 2.7¢ goldoz limited

While I think a good quality marketing agreement is going to be...

  1. 19,132 Posts.
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    While I think a good quality marketing agreement is going to be important in the long term, in the short term they can raise cash just selling to dealers and the like. They won’t get top dollar, but it will give them the cash to keep going.

    The other alternative is to borrow against the rubies they have (pawn them basically). They really don’t need to raise cash through a cap raise at a rock bottom price.

    It is not in management's interest to raise at a discount to the last raise @ 4c. All this will do is create the impression that they are desperate as well as diluting their personal positions. There will be more raises as they expand, but unless something goes drastically wrong it will not be at a discount to the last raise.
 
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