we need to know wot the actual net assets to the company remain...
is there a couple mill of cash ?? (there should be !!)
someone mentioned the jacka holding, worth a couple mill...
does the morocco tenements hold any more value at all ?? seeing that they need to be renewed rather soon (and if so, drill committments beckon etc :-(( )...
we need to firstly know all this...
then we can deduce where this 0.6cent raising sits within the overall picture...
my money is on this being linked somehow to a future project deal...
either way..
whether it is or isnt, if the company does still have something like 5mill in cash-equivalent assets etc, which would be about 2c/share (at 250mill shares), but does the raising at 0.6cents, then i would like to know why the other shareholders are not getting the chance to participate in a Share Purchase Plan also at 0.6cents...
if the raising "sophisticatedionados" are linked to potential future project deals, then its unlikely that the other holders will be given such an opportunity... however, if the raising really is independant of anything happening in the future, then i cannot see y the company would not give the opportunity for all existing holders to get some at those levels...
so the key question is; what net assets are remaining?
wot future projects are possible ?
TPT Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
