I would rather they cancelled the issue... They have enough cash to get bulk sampling going and self fund...
I can't see the long term VALUE of raising another 8 million dollars but increasing outstanding shares to 3.6 billion
The amount of shares on issue directly effects how many multi bags you can get out of the investment and a tiny tick in the share price will catapult the market cap
Happy to have someone convince me why this is a good thing...
Ann: Shortfall Announcement-NTL.NZ, page-13
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