I wouldn't get too excited Nathan. From the dozen or so Companies I have been in over the last few years which have had capital raisings us shareholders got shafted in all but one.Cosy deals to "sophisiticated" investors at a discount seem to be the norm in these days.
If this Company is so cheap with such great prospects then why should a CR be done at a discount.They should cough up.
However we shall see, Catherwood feasibility among other things to be announced so as you said we have to wait to see what they are using the capital for.PXG may have a few announcements this week which will clarify things.Fast track production?intensify drilling?
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