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01/06/22
11:18
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Originally posted by Bosswhat:
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Mate you got to do a bit more research and get in the know. I'm not saying they will raise the full $4m but at least they are out there pitching to brokers and brokers are giving them a go. The gold is there you cant deny that. I am just as frustrated as everyone else but as I cant sell I may as well hang in there. I do hope they raise the $4m, I wish them well because if they raise it it will give hope to MANY long suffering shareholders. Why would I wish them bad luck, its shareholders who are affected not management.
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Seriously, think about it, who is going to BENEFIT with this, certainly NOT the shareholders! The offer (if it happens) is not for them is it? Existing shareholders will be f'ed after more dilution and consolidation. Just confirms what I have said, ANY capital raising is going to be to the detriment of existing shareholders! I would even look until after or if their finances improve and if their resources are more reliable. Definitely not a BUY!