i have been following all along at a distance, knowing that base metal prices were doing the right thing, but being "twice shy" with respect to management.
presumably they will need to do a rights issue or placement to fund Koongie?
of late, some companies and shareholders in other stocks have done very well out of "loyalty" based RI's at huge discounts which serve to advance projects and instantly reward shareholders who take them up.
whereas in the past any cap raisings might have seen a decline in the sp for companies, lately the trend seems to be the other way round.
personally, i am hoping for such a scenario.
any thoughts regarding future funding of ops?
AAR Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
