capital raising

Yet another capital raising on the way. Based on past efforts, the SP is going to linger lower in the next few weeks as it gets held down to most favourably accomodate an existing major or entice a new strategic.

To me, this next injection of capital is going to be either the company maker or breaker. It will be a tough ask to secure capital at a good price in the current climate, with no love being shown to the gold sector (especially the juniors).

If I were Goldfire of Fat Prophets and I saw a new strategic hit the register at sub 5c then I'd be crying fowl. If they are cashed up, I'd hope they'd put their foot forward because if they thought the stock was attratctive at 5.5c and 8.5c then sub 5c would be looking pretty good.

Of course a lot has changed since their positions with gold copping a hammering, but there has been no forced selling which suggests they are quite comfortable with where they are at.

Volatile times ahead, but I believe the brave will be rewarded. No matter what price this stock goes to, I'm comfortable with my position as it is unlikely Lamboo will get taken off our hands for less than $7.5m