Dilution is unavoidable at this stage of the game I am afraid. This cap raise (not the last) was about 30% of the mc which is a bit, but next time hopefully the percentage will be half of this and top up the bank account well and truly.
Don't forget, most small explorers are having trouble raising even a million bucks. I would much rather have the dilution and another project like RR, on top of the graphite, which is shaping up pretty good so far, rather than just one project.
Foster Stockbroking took the top up shares, so we will see the shares dribbled back on to the market over the next few months. Already back down to 7.1 today. Same old, same old.
ITM Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
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