I don't think they will do a CR at these prices. Far too dilutionary. Have to issue a third of the SOI to get a decent amount of cash.
Past experiences here tells me that BAss may just do another loan to save on diluting shareholders. His past track record shows he likes to make.money and likes his shareholders to make money.
What ever it is it will be as small as.possible till market conditions improve.
In saying that they have cut the spending way back while the metallurgical works take place along with planning. So this can progress on the smell of an oily rag.
Cheers
EM2 Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
