Originally posted by Ninja_Chook
"You don't raise at 0.1c if you have good results on the way."True, but you might also do it if you have sweet FA left in the bank at the end of the last quarter and a quarterly to release in the next few days, before you get those all important results, otherwise the ASX might suspend you on the basis that you are not a going concern.
Trading at less than shell value.
I'm thinking the admin costs are a bit over the top.
After the latest 250mil issue, there will be approx 1.5billion shares on issue.
If they blow this round of cash and find nothing I reckon the JV may be terminated, then they will have nothing at all but a fist full of staff that are useless.
I'm just peeved at the moment.
