The cap raising before results will be a big payoff if they can drill new holes that they wouldn't have been able to (afford) due to conducting the capital raise. I know many say it is standard fare, but I still agree that announcing a positively surprising resource upgrade would surely be more positive prior to raising cash than doing it before. Clearly the risk-reward of diluting at a lower price was worth it in order to fund the feasibility studies and exploration targets ASAP.
Given it's done and dusted will have to have faith in managements decision.
- Forums
- ASX - By Stock
- EXU
- Ann: Trading Halt
Ann: Trading Halt, page-65
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)