With MUN presenting in Hong Kong I felt there may be an attempt to raise some funds there. Looks like my concerns about the runnng down of the borrowing facility at a time when no progress is being made on the Crista project is also being felt by MUN's management.
How much will they raise and what will be the dilution? We will know on Friday. Can they do this at a premium on the current share price?
Oh the pain of holding specs. I am sure they will dress up this capital raising as progressing the Peru project etc when in reality it bodes poorly on an early decision for approving the road needed to develop Crista.
loki (Now feeling some pain and resentment. I am not amused.)
MUN Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
