I don't understand what the problem is. This happens with all my speckie exploration stocks, they need money to operate and ultimately shareholder value is generated by successful exploration. This is not cheap and has to be funded somehow. Cap raise with SI is the cheapest most simple way to do this.
I see that management took advantage in recent share price surge to raise capital. If the market tanked next week they would look like geniuses, there is never a good time but better after a strong run than when share price is low and greater dilution is needed.
I say take the quick money get exploring/drilling and move on.
Regards
Wiil
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Last
8.8¢ |
Change
0.008(10.0%) |
Mkt cap ! $8.808M |
Open | High | Low | Value | Volume |
8.5¢ | 8.8¢ | 7.5¢ | $38.52K | 486.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 31056 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 0.081 |
1 | 197513 | 0.080 |
1 | 200000 | 0.078 |
1 | 200000 | 0.075 |
2 | 280000 | 0.074 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 7819 | 1 |
0.095 | 15000 | 1 |
0.100 | 54211 | 1 |
0.105 | 42302 | 3 |
0.110 | 50000 | 1 |
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