CR is absolutely great news unless if you don't intend or don't have capital to participate. Even then it's still good news.
Otherwise see the share price shoot up as the company finances stabilise and consolidates their plans.
I think I predicted this earlier this week, although at a 5.0c VWAP. Well, I wasn't too far off
Raising about $2m at 4.5c or so, is only about 50m+ shares. It's really not that much and about 5% dilution. It's worthwhile to see a subsequent price rise which I predict to touch 6.0c or about 30%+. It's even better for those who participate in the CR.
Alternatively the CR may be at 4.0c for about 6% dilution. Which is a good reward to the existing shareholders who held on.
Who knows, we may touch 10c+ this year with positive news on the Cores and Wet testing.
DYOR and Congratulations to those who decided to hold on!
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