CMM 0.16% $6.43 capricorn metals ltd

What's another 240m shares..... I am not at all surprised they...

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  1. 7,303 Posts.
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    What's another 240m shares.....
    I am not at all surprised they were able to get insto's onboard. The company is cheap, but... then there will still be a lot of dilution ahead.
    A shame the price is just above 2.5 year lows...

    Still, they should have a good amount of cash to drill etc over the next 6-9 months. Still not sure how they are going to raise the $50-70m (debt of perhaps $80-90m also) they need to develop their project.
 
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$6.43
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