Buyer beware on capital raisings The fate of Gascoyne, Orinoco and RCR Tomlinson should remind shareholders to be wary of being approached for funding.
Last gasps This is not an isolated case. As recently as March, Orinoco Gold Limited (ASX: OGX) attempted to raise capital right up until death’s door. However, it was mercifully pulled from the market the day before the company filed for voluntary administration.
OGX Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
