As alluded to earlier (http://hotcopper.com.au/post_single.asp?fid=1&tid=2175393&msgid=12842458)the need to raise capital has been pretty well known for some time and shouldn't be of rgeat concern. I deally I would like to see a rights issue where existing holders can participate in full.
I hope that they raise enough capital so that they do not need to tip into the coffers again. Any need for further funding I would hope to come from a favourable debt agreement or JV / farmout IMO.
If this company becomes a scale producer an 11 million market cap will look increasingly insignificant.
OGX Price at posting:
11.9¢ Sentiment: Buy Disclosure: Held
