PXG 0.00% 15.0¢ phoenix gold limited

is pxg underwriting a kmc share issue?

  1. 11,112 Posts.
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    A poster (Alex999) on the KMC thread has suggested that KMC will be a cornerstone underwriter of KMC's $8m capital raising.

    http://hotcopper.com.au/post_single.asp?fid=1&tid=1690505&msgid=9782309

    I wish I could see the sense of this given that PXG only has about $8m in cash (plus whatever it may get from toll treatment of its ore).

    loki
 
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