Cervantes is involved in discussions with a number of parties regarding capital raising to complete the acquisition and to commence the highly anticipated exploration of this Historical WA Gold Field. You have to love those words 'Capital Raising' I wonder what plans the board of CVS and the T.Sage have come up with in regards to this little venture. Maybe Rdncoic could enlighten us seeing as he is a financial planner and apparently a share holder. https://seekingalpha.com/user/717482/comments
The board expects these discussions to be completed in the short term at which time the board will announce via an ASX release the terms thereof. A prospectus to also allow retail investors to participate is being considered by the board. That,s so nice of the board to allow retail investors who to date haven't made a cent on there initial investment to pour more money into a project which burnt the fingers of everyone involved in the PNE (EUR)days. With the exception of the board members and Friends of course.
CVS Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
