Hey Cajgan, I agree that the instos want as cheap as possible...

Hey Cajgan,

I agree that the instos want as cheap as possible (and it is usually at the detriment to us small fry which is not fair), however from the management point of view lets say 3 insto or other funds want in on this thing and want say 10,000,000 shares each (want to invest $200,000 each say) ... There aren't even enough shares for sale for this to occur ?

... Management don't have any real choice but to issue more shares to get these guys on board.

What I do hope though, if management are worth their salaries (which I hope and am banking on that they are) they will will do this capital raising also at 2c (or maybe above) as with the previous raise. This will give more shares available for those wishing to invest (big) money and also will not upset previous instos who invested previously at 2c

... I don't see them being able to raise for under the 2c mark.

I see this coal asset a massive investment to de-risk any coking coal supply (in light of the disruption of cyclone Debbie) and I think instos will also see and know this and will want in.


...letting them in is the only way the true value of this asset and company will be realised.

I think the wording of the NAE announcement of specifically saying the capital raising is for Lochinvar Coking Coal Project is actually key in this (as opposed to a capital rising for just the entire company) and as mentioned previously if the have over 1,000,000 in the bank (and only burning 400,000 a quarter across all of their coal, tin and gold projects) I can only assume that what is going to happen in the Lochinvar is going to be a consider ramp up of work (and costs) which again is going to lead to the realisation of this asset.

... If I am right, anyone who go shares under 2c will be laughing.