Gday dapper,
Yes mate, at the time I was quite surprised why they had to raise capital when they did. I have a reasonable holding but decided not to take up their offer. IMO, there will be plenty of questions KEY mangement will have to respond to with this result. You have to feel sorry for our number one shareholder who loaded up at the last cap raising.
Sorry to see you are exiting mate, but I fully understand. Good Luck. I am waiting to hear a further update from management before exiting after being a holder for 8 years. IMO, the announcement today gave me little in terms of confidence about future drilling in the area.
Cheers
R
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