I think we all knew a raise was coming but I didn't think it would be this big...
For me this is probably their last chance. Either they get a deal done by year end and we go mining or this goes to 0. Can't see them being able to raise again if things don't turn around after this.
Between this $4M and the $6M odd incoming from the arb and eqipment sales, it is a very reasonable amount for them to do what needs to be done.
Not sure I'll take my full entitlement but I'll go in for half.
Ann: Non Renounceable Entitlement Offer, page-43
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