"Hower cash is precious right now and retail share purchase plans need a prospectus, are more costly and more time consuming. Not ideal unfortunately at this stage."
I think there is something called forward planning, vision, advance preparation, etc. Every time it does a raise, it always finds itself in a position where cash is precious right now (which I don't disagree, cash is indeed precious right now).
This company is beginning construction immediately, expecting first production in 12 months, etc. If it is not ideal at this stage for an advantageous raise, when is it ideal? You invested a large sum because this company is so advanced and closer to production more so than most resources companies in the ASX (the other ones faced longer delays and are much further away from production). And yet the terms on which it raises funds are still far from being ideal.
If we can't do a raise with an excellent term now, when can we ever do it? I could understand the humiliating raise last time, but not this time (acknowledging that this time is not as bad, but still).
Add to My Watchlist
What is My Watchlist?
