Ok, that's good to read! The other side of the coin is that...

Ok, that's good to read!

The other side of the coin is that raising money via the capital markets or a share issue to shareholders is not corporately viable anymore. as I see it. The share price had sunk to such a low level that in order to raise, say, $5m would probably require the issue of 650 million shares at 0.8 cents plus generous options. That would be a massive increase in issued shares. And then, repeat perhaps to raise more money until the copper jackpot was hit, at which time a cornerstone investor might come in.

All of that would be a heavy drag on the company.

Why potentially damage the company further (remember that the broker's demands have pushed the SP down from 7c to 1.2,c , and even lower) by going down the same path to raise money from the market? - especially when the company is sitting on a valuable asset in Steam Engine!