Ann: SXA Closes Placement Raising A$824,820, page-6

at 5c it would be a bargain (unless POO is USD25/bbl) - I topped up at 7c the other day.
Directors pouring half a million into the company means either:
1. they see it as a bargain also or
2. they are blinded by their past successes, their egos are so large they do not know when to quit and they have so much cash that losing $500k does not really matter too much to them.

Frankly, I like scenario 1.


Spozzie