I was thinking about that today too. Didn't want to mention it in case people thought I was trying to spook them.
I was thinking if the VWAP can hover at or above 50c for the rest of the week, then a cap raise at 40-45c would be cheap enough. 50million shares at 40c would give them an extra 20million dollars to have an absolute monster 2022. That would still only be 300million shares on issue.
Would have loved them to monetise other assets(pinnacles, mt Celia, triumph tailings) instead, but I'm not arguing with whatever Andy does at this stage.
Any drop in share price(if it happens) will be short lived with the DDH4 results due in December. I just hope NST don't come knocking too early next year unless it's an open cheque book.
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I was thinking about that today too. Didn't want to mention it...
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