I wont be complaining if they do another rights issue. However I don't want to be diluted by a placement or SPP.
If they were cash hungry I think they'd have accepted the extra money I offered for shortfall shares in the rights issue.
I'd really prefer to see more results from both Terminator AND IGO's work (esp Rosie) before a cash raising.
Also I hope Eritrea get's spun off, or farmed out early on, as I don't know that STB is robust enough, or has the skill depth for the type of venture.
Anyway in the longer term the rocks will speak, not the charts, the tip sheets, or the ppt presentations.
EL
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