Warnie
Why the hell would the directors want to raise $14.6m and create so much dilution when in under 7 months time they would expect to raise $38m from the exercising of options?
I would have thought that $5m would easily cover a 7 month aggressive drilling campaign and this funding could have been raised as an offer to existing shareholder at a premium of 10 cps.
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flinders diamonds limited
buyer at 25c, page-22
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