Why wait? Provided the funds are used legitimately for the purposes intended - medium to long term shareholder growth..then, im fine with a cap raising! Look at the prospects IGR have - Cock Eye Bob, Majestic etc..why wait 12 months and leave the dirt in the ground?? I would rather have a little CR now, shore up the resource - and get a plan in place to get the stuff out!
A company who has a vision for expansion and grow must have cash in the bank!
There is never a "perfect time" for a CR - no matter what any "first year business grad" may tell you - but aggressive expansion plans coupled with a competent management team who dare to dream...equals future growth in my eyes! Capital raisings are par for the course!!!
IGR Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
