re: Ann: Update - East Mailisu Well No1 and M...
HMMMMMM]
Very bad time to announce this, they need the cash i dont remember ever reading anything about pattersons underwriting the SPP......... its going to fail unless they try and provide some information or make something up to entice holders
The best thing is to scrap the SPP and not dilute the shares any further, sit on the cash and preserve it.
I would assume they will now be required to sell PRU shares or even try and do a JV to raise more funds on their current tennamnets to keep going
Im still holding waiting for Santos update i will just try and accummalate more it is worth the risk.
DYOR
CIG Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
