capital raising, page-56

hightrax. "They are doing a lot of homework on Dargues"

This was the final straw for me. Suddenly, when all else failed (eg financing fell apart), management find they can do it all much cheaper! Good management reaches this position up front.
I stewed over this for a few days and bailed at 3.2c - bought at around 10c.
Our industry needs management for whom cost control comes naturally - the perennially high A$ is unforgiving in this regard.