While I don't want to say 'I was right', I did wonder why the company would not directly answer my questions in regards to their funding position. It is the right thing to do, but really, why did they not do it during the recent spike in the SP in mid January?
A 'material' capital raising means at least $10 million, but I think they will go for a bit more. Perhaps $15 million at a guess?
Price of $0.25?
I hope for shareholders sakes, they do an SPP.
I am sure someone can provide the details soon, as the news will be filtering through the brokering community now.
Still approx 2-3 months before Coyote gets into production.
ABU Price at posting:
27.0¢ Sentiment: Hold Disclosure: Not Held
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