Well. Would it be fair to say a second capital raising is more likely now to occur later this callender year?
I think the $1.033m raised by this company is really only enough to cover the directors wages for the year! Cynical - maybe, but only because of how we've been treated!
At least we haven't been too dilluted.
Maybe this is a sign that they still expect to get some cash-flow out of the Tanzania sale. Otherwise they would have sought alot more.
Anyway our SP will stagnate at this level for quite a while now. Until those sophies have taken their profits and run! At the very least they should have put a minimum hold period on them, say 6 months.
So us normal shareholders are just going to get screwed as usual!
KEY Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held