re: Ann: EnviroGold Increases Exploration Act...
Great ann. and great to see they are definitely actively seeking to secure future Albion production. These guys are maintaining their 'step ahead of the pack'. Surely the new manager will assist with this process invaluably.
Re the proposed issue, perhaps a partly paid share would be a good idea for this raising. Say 12c now and 6c in 18mths...
gives the investors a cheap entry with the added bonus of seeing drilling and production numbers before committing all their funds. Total costbase of 18c will be a bargain in 18mths time, IMO.
It would also take the pressure of the current SP and the option issue as the partly paids wouldnt effect the ordinaries price directly.
just thinking aloud :)
cheers Split
EVG Price at posting:
12.0¢ Sentiment: ST Buy Disclosure: Held
