Let’s just hope the price of gold I’ll hold up until the first pour. Who would want to buy at 51 cents share entitlements when you can buy now at 50.
IMHO, management should have waited until the later half of 2021 to raise the additional funding. The share price would have been higher and production would be around the corner. Why in the world would you want to do a CR when you just received a 110m loan. The share price now will hobble around 50-51 for another few months. Just hope it is not to pay the directors their bonuses for Christmas.
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Ann: Share Purchase Plan Offer Document Despatch, page-33
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