Hi @Quamdives I appreciate your level-headed response.
To expand my simplistic earlier comment - I find it terribly short-sighted for the BOD to do a cap raise to a hand picked audience. I know that I can buy (as at today) as many as I want for 1.1c to 1.2c but that doesn't help my company's cash flow. Issuing options at a low value and a long lead time (4 year expiry) is just more pork barrelling. In my opinion, their snouts are fair and square in the trough, which continues the current trend for 'all' junior miners on the ASX. BOD's want to be paid along the way AND score a hefty bonus too. As an owner of the business, why can't I have the same aspirations?
TC.
IXR Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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