SL1 0.00% 0.0¢ symbol mining limited

Ann: Symbol Undertakes Oversubscribed Capital Raising of A$3.0m, page-32

  1. 232 Posts.
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    My only thought is, if the operations are successful will they need $5mill in 2 years. If the ops are unsuccessful the share price wont be at 4.5 cents. So is there really a point to them other than high cost of capital.

    But over 200 million share and options are sure going to put a brake on the price.

    I still hold and bought some yesterday, but its looking like a longer term play rather than getting massively re-rated over the next 6 months.
 
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