New issues, if issued, should happen after some good price rising up. The question is what the board expects in the trend. Does LCY has some great room in the price rising? No one is sure. So what is the safe way for the board to do?
Exploration means risks. The board has to get the new issues at the right time. The worst is when it want it could not get. Yes it has some good current capital, but cash is the king in long term survival.
Usually the new issues are priced in average for the past months. So if it raises the money in months, what price should it be? It seems the price could be as low as $0.04, which seems what the market expect from the price movement in last few days.
New issues, if issued, should happen after some good price...
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