re: Ann: Akjilga Raising Unsuccessful - Execu...
Did the IPO just line some pockets? It seems like the IPO was the appropriate time to raise additional cash for acquisitions. At a minimum they should have raised enough to progress what they had.
Since listing the markets have turned. Probably made worse by shares being in suspension. Had they relisted sooner the sp might have risen on the back of the silver project allowing a successful cr.
Seems to me they did things ass about.
You would assume they tried a very heavily discounted cr and their was still no interest. That means the next option is a rights issue at an even bigger discount.
ROS Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
