Not at all. As I’ve said, it all depends on what’s the funds will be used for.
If it’s to get an actual gold mine into production (you know, our core reason for existence), then go to town. Do a 1:1 or 2:1 or whatever is required.
If it’s to bring onboard a US or German fund, I’ll baulk at 5%.
As long as the dilution is worth it and as long as the funds are not just for working capital, I’ll be generally OK.
Ann: Suspension from Official Quotation, page-7
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