Yes. It does seem like stall tactics while they finalised the placement to Cape Lambert.
How things changed so quickly from raising $90mil @0.5c to raising $0.5mil at just 0.2c
What words did they use? Something like 'strong interest'. Yeah right.
I hope its a blessing in disguise and that something didnt add up with Trinidad. Otherwise maybe Tony Sage would have contributed.
If Trinidad does kick goals, it will be disappointing that Cape Lambert and existing holders weren't asked to contribute via a rights issue to buy atleast a 10-20% share.
This company is definately on the ropes. Fury and RIA are long term prospects. They dont justify our market cap and we have no funds.
The $500k and the rights issue will help us survive but we need another project to drive the shareprice. But by then we will be 0.2c and so many on issue.
Goodluck. They gave us an out and we didnt take it.
MHL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held