AAM 1.67% 5.9¢ aumega metals ltd

BWJ,Yes, but, they said they needed $1m for the bigger diggers...

  1. 434 Posts.
    BWJ,

    Yes, but, they said they needed $1m for the bigger diggers (etc)... but raised $1.4M.

    Thats 40% more than they said that they needed.

    Was it overestimating how much they would need?
    Wanted $400,000 more working capital?
    Wanted to raise $400,000 less later ( / raise capital a couple of months later)?
    Or a random reason like the partner insisted on $1.4M, etc.
 
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