this is the question - has watso been calling a capital rasing at 5c???????????. watso seems to recall that he was making a brave call and that a capital raising would be at 5c. nothing has been done yet, but the top bid price is now 7.6c. the company received shareholder approval to raise funds at 80% of the price of something or the other - and 80% of 7.6c is 6c - and this would include some free options. - but this is getting close to the 5c that watso has made a brave call about.
prior to the consolidation a price of about 2c was considered to be a low point - now 10c (ie 1c prior to consolidation) might be considered "strong" - but the reality is, is that 5c is looking like the price of the next capital raising
never say never, but the chances of parker range turning up something which is attractive, would be pretty remote - and forget the iron at mt caudan - whatever is there, will be at the low end of estimates (for which watso has previously givne his numbers) - but of course, there is an incredibly remote chance that there might be something there - but do not hold your breath
5c for the next capital rasing, wich equates to .5c in the preconsolidation days (should be adjusted for a few freebies)
if kinghadi has not sold, then he is probably looking to stake out a bit of prime real estate, with river views, from under the bridge - but then again, he loved reading the warm fuuzzy wuzzy posts from some other posters on gda
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