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3.57% 29.0¢ energio limited

sachz, are you really suggesting the Co is going to issue a...

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    17/10/12
    17:33
    Post #: 10873407
    sachz, are you really suggesting the Co is going to issue a further 120m shares in its "next round of funding".

    At today's close of 30.5c, what the hell do they need $36m dollars for at this stage? The current drill campaign is more or less fully funded with the $4m they still have and if it progresses to BFS before being taken-over like AKI was then they might need $10m tops.
    EIO Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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