Looking at it very basically.
If the shareprice was above 5c and everyone converted, the company owuld have received $12.8m
But seen as though it wasn't the company has now only recieved roughly $10.2m minus costs. So there is a shortfall sure, and we have comments that it is so great that the company has allowed "normal" investors to get in on the action. What the??? They had a massive chance to let "normal" people get in on the action, through option conversion. They could've got the BFS out on time there is no doubt. Anything can be done if you want it to.
Why not raise the extra $2m when they need it, they are about to get $10m, they are doing to try and make the out as been hero's. Why hasn't the underwriter been disclosed, i suppose time will tell as they will be a substantial holder, are they will add to what they have (LINQ ???)
There is so many questions that are unanswered...
WTE
wedgetail mining limited
