tazman- there is still few weeks before they need to announce - its more likely it will be a placement at .008 - 1c in that region for obvious reasons
.008 would underpin current share price and any lower would need more dilution
100, million placement would only give them %800k cash at .008 so we are really looking at a bigger placement- i would guess 500 million at 1c for 5 million cash- that would make more sense to me
Why do a piddly placement to raise 800k or a million bucks when you can do it right by underpinning share price....
it could look like this:
1) drill date announced in conjunction with a capital raising (private placement to sophisticated investors of broker firm and possible rights issue but if it were me i would do a private placement and issue under 15% threshold of existing issued capital as that is allowed without shareholder approval but it would need to be at a premium to current price as not to upset existing shareholders so i would guess around that .008 to 1c mark
Cheers
MMM
QPN Price at posting:
0.6¢ Sentiment: ST Buy Disclosure: Held
