EPM 0.00% 0.8¢ eclipse metals limited.

What price the Cap raise

  1. 4,630 Posts.
    lightbulb Created with Sketch. 589
    With the company now down to 2 months worth of cash flow, the question has to be asked what price will the Cap raise be done at and at what level?

    Lets run a closest to the flag competition.

    Things to consider:

    1. There is now 2 months worth of working capital to keep the lights on
    2. The U play is now dead, with what looks like no chance of a spin off anytime soon
    3. The Greenland project hasn't progressed in 12 months - unless you claim finding some core samples in a shed and on your boot and sending them to the lab as progress.
    4. There is a large holder dumping stock
    5. Come may there are 177m shares coming out of Escrow

    I can't say how much they will raise, as I think they will struggle to do it, but i'm tipping $0.015

    Put your tips in.
 
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