Don't know how many times I've heard this but management would surely know you don't raise capital when you need to, you raise it when you can. The quarterly states we have an estimated 2.6 quarters of funding.
We could have raised at double the current SP so in the next 2 quarters i would like to the SP back to at-least $1.20 with all this drilling before they even consider raising more capital.
Pumping out some good drill hits around the current SP and then issuing shares at discount would be poor management.
It happens all to often on the ASX though so I wouldn't be surprised if that's how it plays out.
EM2 Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
