Who else would have underinsured it ? Don’t think it’s that bad all share holders can participate if they want to and they are renounceable so they can also sell the rights on . It’s only if no one takes up the rights issue that what you describe will happen .The company has new management and needs money as they have to do the exploration work we all want them to do . They have huge land holdings and we all are disappointed as the amount of drilling they get done so this will give them the ability to get a lot of drilling done .They also have a loan to Apac to repay that helped them out when they were stuck .
PRX Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
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