capital raising?, page-5

Its certainly hard to maintain optimism in the current market and I'm not one for conspiracy theories but the trading in Ags shares of late certainly suggest capping with no great buying interest and the big seller parked 1 or 2 cents above the market. All those shareholders suffering a bout of nerves get scooped up ??? Now we have posts about a capital raising being a certainty. At the Agm they expressed the hope of getting through to mining without a capital raising. No doubt Quasar will do everything to derail Ags but the current Qr cash burn of $5m includes some Maldon and includes the $1m paid to Quasar - they aren't broke yet and they are doing plenty to strengthen their bargaining position with jorc and cost analysis work due for completion this Qr. Gandel decides if the company sells or not and he may be reviewing his figures down in the light of the current market destruction - still room for hope I think