capital raising, page-2

well if it trades below $0.10 the company wont raise the capital it wants through the rights issue. why would you give the company $0.10 for each share when you will probably be able to buy it for less than $0.10 in the market?

I would suggest you wait until the last minute with the rights issue to decide if its cheaper to buy in the market or take up the rights issue.

but looking at the share price performance over the last month its pretty obvious that the price was ramped up so the company could raise cash. its also strange how they want to use $4m of the cash to look for diamonds.

i mean come on, these guys are using the iron ore story to raise cash for something they have never been any good at. its a bloody joke!!