As an existing shareholder, i am a bit sad that the trading halt that lifted today was for yet another capital raising.
However, that said, if they use the money how they have stated, hopefully the good times will come shortley.
With how they structured the capital raising, it should promote a bit of run on the stock close to the 33 cents for the notes on offer (ie referring to the rights to exisiting shareholders). once the record date for the rights passes, would surprise it slides back a bit. But going by previous company announcments, May and June is when they start releasing some details of drill reports..... could this be the start of m retirement????
Does anyone agree with e perspective??
Note: this is a personal opinion and is not financial advice.
As an existing shareholder, i am a bit sad that the trading halt...
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