They'll obviously have to raise money to get the ine up and running, but they seem to have good support from institutional and sophisticated investors - they had no problem raising $2 million @ 17c in August 2012, when Fe prices were languishing and the share price was at 14c.
AGO had to raise money to get up and running - likelihood of cap raising can actually be a great time to buy as it scares a lot of traders off and creates and artificially low price environment.
They have enough cash to at least get them through to completion of TSX listing.
- Forums
- ASX - By Stock
- NVI
- sleeping giant
sleeping giant, page-19
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)