Lets hope your summation comes to bare the fruit
However this management team have just repeated the same CR raising which hammered the share price for over twelve previously. I think the overhang then was somewhere in the vicinity of 15 million shares with the underwriters etc, someone may know the exact figure, and this time we are looking at an issue of 40 million odd.
I originally got into Goldphyre when it was solely a Potash play, in recent times we have opened up a second front so to speak with a very weak balance sheet. I wonder how long this raised money we last feeding the demands of these two money chewing enterprises. More importantly my faith in this management and board has been eroded by what looks like a fairly naive approach with shareholder funds.
Lets hope theres a strike ....... a big strike at that!
APC Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
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