EXU 0.00% 17.0¢ explaurum limited

Ann: Trading Halt, page-65

  1. 4,708 Posts.
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    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.
 
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