HAZ 0.00% 4.0¢ hazelwood resources ltd

capital raising, page-32

  1. 1,899 Posts.
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    farmboy, to get somebody to underwrite costs an arm and a leg. HAZ trys to save money in this, prudent actions by management, which is sensible. There is 7m to be raised. 5m already taken care of, I believe, by existing shareholders and backers. 2m for current shareholders. This is also sensible. Management does not want ordinary shareholders to think that they are not given the opportunity to participate or left out. Try to a peace ordinary SH. If the 2m is not subscribed fully, I believe loyal supporters will take what remains. This episode will play out OK in the end, IMO. Wait and see what the 3rd campaign result will be like, soon.
    (NOT advice, DYOR)
 
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