ADY admiralty resources nl.

cap raising

  1. 244 Posts.
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    I suspect we'll see another cap raising early in the new year. With no cash and the unlikely flow of royalties anytime soon more dilution is a reality imo - i think it is evident seeing as though they have been doing investor presentations. You don't do inv presentations unless you're planning on finding another big inv sucker to buy another 200m shares at a discount. And anyway, the cash from the royalties will only be enough to pay their renumeration so for any other plans there has to be some raising of cash soon.
 
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