Hi all, Is this a full throttle spp? What’s the point of highlighting the number unless it is?
Hi HM, my take on that number on the register is that likely only those holding more than 100k can put in $30k, so assuming that number has doubled, that would be circa 1,000. The rest will likely subscribe for $5k or under
1,500 x $5k = $7.5m
1,000 x $21.2 = $21.2m
Total circa $28.7m
Plus cash raised $17m
Plus existing cash $5m
All up $50 million
This is certainly very juicy for an aggressive exploration
But I wonder if this is prudent at all raising this much at such a low price
we can be greedy but more often than not greed backfires
and potentially it will in terms of struggle to more quickly achieve a decent share price due to the sheer size of dilution
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