How long to wait, what good is the drilling results when it lies in the ground, stop drilling and just focus on existing assets. It is useless if stokes control majority preventing outside interests from enquiring, all the while every other iron ore company moves closer to production.
I very much dislike stokes after seen his business record, he's for himself leaves no fat for the other shareholders.
The deal is all in favour of stokes, he's not legally allowed to increase his holdings without a launching a take over bid, this capital raising he is allowed to obtain stock without a take over premium.
He doesn't care about the small holders, if you buy the capital raising fine by him, he retains majority, if you don't buy he's still fine because he can just pick up shares without launching a bid for the company at fair value.
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