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7.25%

32.0¢ austar gold limited

It should be all in the prospectus, that will have to have...

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HotRods65

5,584 Posts.

124

08/08/18

18:35

Post #: 34812582
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Originally posted by aurifice ↑

If the results were good (able to demonstrate that mining is cash flow positive/further good drill results) wouldn’t common sense suggest that they be released prior to undertaking such a highly dilutionary capital raising? Another half cent or so increase in the share price could have allowed for a similar monetary injection but with half the additional shares being issued. Maybe, as I alluded to in an earlier post, they had no choice as I estimate their cash levels would be down around $200k- $300k at this stage.
If, as others have suggested, those participating in the raising are privy to information not available to the market in general then probity matters come into play. I have a high regard for those at a senior level that I know so doubt that would be the case.

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It should be all in the prospectus, that will have to have details. Will make interesting reading.

AUL Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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