re: Ann: Sino Gas - Raising $10.1 Million via... They should have waited for flow rates and new RISC report before doing the placement - approximately 3 months. They don't need the cash right now and there is a fair chance the share price will be significantly higher when the above news is released.
Why raise now? They have 2 1/2 years of cash in the kitty.
This was not in the interests of the shareholders and hardly in the interests of the oppies holders and the company hasn't announced why they actually need the money.
Who is the placement benefitting?
- Forums
- ASX - By Stock
- SEH
- Ann: Sino Gas - Raising $10.1 Million via Institu
Ann: Sino Gas - Raising $10.1 Million via Institu, page-6
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SEH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online