Judging by today's price action a chunk of our new investors were all too happy to dump their new shares for a few pips. The board need to do better on this one, the market (and myself) do not like surprise CRs with justification entirely lacking in detail. They need to tell us:
1. What they plan of doing
2. When they plan on doing it
3. How much they think it's going to cost
At the moment they have barely covered item 1 and not addressed 2 or 3
C'mon XAM, lift your game.
Ann: Proposed issue of securities - XAM, page-23
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