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3.92% 5.3¢ buxton resources limited

cap raise??? why would there be a cap raise??? they are paying...

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  1. mr_delta
    9,235 Posts.
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    18/09/18
    07:47
    Post #: 35660255
    cap raise???

    why would there be a cap raise??? they are paying the driller in shares and they already had a decent amount stashed away in their office locker... also these guys are pretty conservative in their spending, so I guess a lot of money out of that pile would still exist...

    I think there will be no need to cap raise after this round of drilling - a bit of dilution YES as we need to pay for these DD rigs + man hours etc etc...
    BUX Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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