"If these deals being not completed to be completed in a timely manner there is going to be a real need for another placement that will possibly stink! "
Well, Robo, the announcement just out says: "The Company can progress Copper Concentrate Offtake and subdebt talks without any short term pressure".
So, yes, they intend to start exploration before finance, according to that, so a placement will be on the cards. If they try to do it at the current sp or below, it will meet stiff opposition. Not going to let them do any more give-away placements. End of story. They'll have to get the sp up considerably first. A lot of us voiced our objection to the consolidation to Jason, but he reassured us. A placement now would be a pre-consolidation price of about 2c. Sheer and absolute rubbish. We cant let it happen.
cheers GZ
PRH Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
