I have decided to take up some of my entitlement in this 50 cent capital raising.
The high level of investment by the directors gives some confidence.
And it looks like they may be the very first Australian potash producer, so regardless of all the other technical details and their merits or detractions, it's nevertheless exciting to be number one, and they should rightly be given some credit for that.
It was looking good at 70 cents prior to the capital raising, then the stock retraced to near the capital raising price of 50 cents, which often happens.
The market cap is currently reasonably full, but should increase upon production (I hope), given the next 6 months of activity.
So, I'll grab a few more in this 50 cent capital raising, my previous buys were at 34 cents.
Lets see how we go over the next year.
Gw
SO4 Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
