Bluebottle,
I agree in part. Raisings and results go hand in hand. If you don't get one the other becomes harder and harder.
Alchemy lost their chance at raisings and a more active drilling program some time back.
With the kitty the company is sitting on it makes for either a conservative approach of slow and steady while protecting shareholders equity or taking a big punt on an aggressive drilling program and taking an all or nothing program.
Any raisings at these levels equals massive dilution to get even some basic cash. Maybe they could sell some of their holdings? I dont know...
I know that the announcement of an aggressive drilling program would see the SP run up in anticipation as their is obviously people on the sidelines who agree with you and I on the companies very prospective ground.
What would you do now if you were running the show?
Bluebottle,I agree in part. Raisings and results go hand in...
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