Then that is some fairly poor management in terms of current holders, allowing it to get to this point.
Puts the current holders in a pretty tough position.
If they had the cash for drilling it should have started before all this became an problem.
At least that way you may get a share price spike on anticipation of results and can do a raising then.
This way we are looking at possibly 120M share dilution and the potential for another 15% after that.
It all hinges on whether the issue is done immediately after the GM and how they stage the results from the drilling.
Then that is some fairly poor management in terms of current...
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69.0¢ |
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Mkt cap ! $63.11M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 124 | 71.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 10000 | 1 |
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