Raise massively derisks the stock and in a volatile environment, it is the right thing to do. Yes, they could of skipped on the raise and risked putting up in a position similar to Altura (bit of an exaggeration as we are not as leveraged as they were) Debt free next year you would think and a decent drilling campaign to extend mine life.
As for the raise - you are entitled to participate and get 1 share for every 12 you hold - at 15.5c.
NCZ Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
