smell a rat too. Many a company with limited cash, bleed to death by the DINGY waste of time (thanks China - add it to SDL, DML etc bucket list), needs to raise to pay its fat cats, half have cut and run, they ALL received retention bonuses (a norm during any M&A/takeover - thats why our costs have been very HIGH) and the rest...well....you guessed it, for doing nothing for the past year.
Seen this a few times, LYC, BBG....should be a raise coming. How they pump it to lift the share price - who knows, but always happens so that the discounted issue price is at least reasonable enough to raise enough capital while minimising dillution.
Hope to be wrong, as my average is mid 50's at least can average down...im now a "long term" dreamer...great asset, but pie in the sky development costs....now who will bridge the gap??
Where is an INDIAN buyer when we need one...!! why should CHINA secure all the GOODS...
K2P Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held