The directors would know that based on the JORC upgrade the share price is likely to run. Its not like this event is a year away, its only a matter of days. In my opinion there is little chance the share price, or Zinc for that matter would have dropped significantly below 24c in the short term. Yes there are always reasons to raise funds, and profiles, but why now, why such a rush. Even if the marked dived for a period I am conficent that the inferred resource of 200+ Mt (my opinion only) would have kept the price above the capital raising level. Certainly would have been worth the risk to minimise the dilution, unless that is exactly what they wanted!!!!!!
DYOR
did the directors expect a t/o offer, page-3
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