big trade, page-6

Chrisso41,

I wouldn't be too concerned about them doing a capital raising at these levels.
The additional $700,000 that they secured from the Govt has given them the breathing space that they required.
The need to spend lots of money during the next 6 months is not an issue.
One would imagine they will be sitting tight and waiting for market conditions to improve.
You might find some tax loss selling is happening at the moment, which is not uncommon at this time of year.
The crossings could be shifting from one account to another. Who really knows.
The important thing to remember is, the STUFF that has already been identified in the ground is not going anywhere.
So longer term shareholders will be protected by the assets
that have already been announced to the market.
As dissappointing as the current share price is, the fact remains they have something that is worth substantially greater then their current market cap.
Market conditions will improve eventually.
The secret right now is to conserve and protect the money that the company has in the bank to see this difficult period through to better days.