why announce a capital raising now..?, page-6

hotel
totally agree with your points. big fish get bigger and first dibs on anything that is related to a small company on its way up

but what i dont agree with is how the company is handling the process

I think it shows poor a level of planning, ie ask for money 3 times for differing projects or go out once get your fill and execute to a longterm plan?

i understand we shifted our focus away from conventional to unconventional but we still need a good longterm plan that needs to be executed

hope its the last cap raising for a very long time.

We have gone from circa 300million shares on issue to sub 500million today

if we get another 100million or there abouts we have doubled our scrip in a very short period of time..

but us shareholders may have added say 10-20% to their holdings.. a substantial reduction in the back pocket $$s to shareholders