The discussion on capital raisings inside the boardroom of a...

The discussion on capital raisings inside the boardroom of a fictitious small cap explorer;

Well, what do you reckon mate?
Gee, it'd be nice to do it via a loan and a spp, might be a bit tight though.

Yeah, that's what I thought, the private dough only goes so far, how much do we need to throw in to make it work?
Way too much.

Well, what do we do?
Let's run it out past a few instos and get some of those sophisticated investors on board.

You're kidding right? They'll slaughter the sp, you know how it works.
There's no other way mate, maybe we can throw a few crumbs out to the shareholders, maybe via a capped spp, that way we don't get embarrassed.

Yeah, but we'll get diluted, I've worked too hard on this to miss out now.
Don't worry mate, let's just put a few resos up at the AGM and get a heap of free cheap oppies, that'll do the trick, hey, we'll even end up in front.

Mate, you're a genius, do you reckon they'll buy it?
You're not serious? They'll buy anything we put up.

Mate, what would I do without you?
Yeah, I was thinking the same thing.

Stagman