According to rights issue document....
As previously announced, the Company is undertaking the following activities:
"Potential" commitment for drilling program at Torrens,
FAIR QUESTIONS below
What do you think the SP would be if Torrens doesn't happen ? when we know Potential = Maybe = Perhaps = ??
The SP doubled on the Torrens speculation
Why would anyone pay $0.13 for a stock that was half that level when the fundamantals weren't all that different a couple of months ago.
This is also a 30% premium of the raising price. Why pay this premium ?
risk vs price doesn't add up
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