As a rule, they are always crying about share dilution and a failure in the making as no one will buy into a CR, and just general nonsense about companies that want to expand are big scams and only want investor loot and of course the t.sage is some sort of a modern day buccaneer taking the hard earned money from mom and pop gamblers................
Folks, the t.sage is not a factor in CVS. He has nothing to do with CVS management.
A CR is just that, a Credit Raising. Nothing more, nothing less. The low information posters think that making money is a process that does not require money. But it does. Below is a brief explanation of what the money will be used for............If U do not like the idea of making a lot of money from gold, then ok. It is all right. Others may disagree with you.
(h) the Company intends to use the funds raised from the Placement towards:
(i) working capital;
(ii) part or the remainder of the consideration for the acquisition of the Paynes Find Gold Project tenements from European Lithium Limited (as previously announced by the Company);
(iii) allowing the Company to take further steps in the development of its 3 gold projects in Western Australia;
(iv) discussion in relation to a joint venture for the Garden Gully Meekatharra project or to progress the project in the Company’s own right; and
(v) redrilling of the Albury Heath Meekatharra project and to develop a drilling program for the Paynes Find Gold Project.
