Fair dinkum !You honestly believe they will do a 1-5 rights...

Fair dinkum !

You honestly believe they will do a 1-5 rights ??
They only need about $3mill to see them through and my guess is that will be a private placement.

A $3 mill cap raising is less than one days turn over these days .

I think people are missing the important point that this asset is conservatively worth $50 billon. This company is below $50 million ... Anyone who has sold out to take up an offer - very dangerous !!

If and when they get the licence than the share price should rocket to 20 cents . Than I suspect they would do a larger cap raising to major insto's. However with an asset of this size and low funding requirements any bank would jump at a debt issue ...

Also any other news on Vietnam or Nth QLd - well we should know what would happen to share price with current gold price ..

Good luck - I am holding for at least 18 months ..