Talk about handing out free money. There will now be 250mill odd shares to churn through before any share price appreciation.
This will head back to .01 with these shares being sold for a free carry. Why wouldn't you if you could get some of the issue
1 for 1. Surely 2 for 1 or even 3 for 1 terms could have been achieved to achieve the same result
Unfortunately raising capital close to drilling is becoming a far to common occurrence and needs to be factored into any trading strategy
Talk about handing out free money. There will now be 250mill odd...
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