AEX 0.00% 1.1¢ acclaim exploration nl

will aex do a capital raising ??

  1. 6,670 Posts.
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    Liquidity and Funding
    The group has cash resources of $99,994 at 31 December 2010, together with available-for-sale
    investments with a fair value of $554,112 and current receivables of $2,150,487. The Company has a
    further $800,000 in uncalled capital on partly paid shares. The Company has sufficient cash resources
    for the group to finance its current operations.

    I was quite sure that a CR would ocur at 0.005, but in there report they seem to say they have enough money to finish operations. May be a good time to get in now, 0.006/0.005 would be a good entry point as a good ann may send this above 1c again.

    Good Luck all..

    James
 
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Currently unlisted public company.

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