The best outcome will be a placing above market with an resource player we would want to be partnered with
The worst outcome is a deeply discounted placing to short term market players who will flip them out and surpress the price for a while, together with a raft of warrants for more dilution .....
I am hoping sprott or a copper miner and the first outcome, middle of the road is MTR at 5c with warrants at 10c , 4c placing to all and sundry is the last one ...
Do they really need the cash at this point ? Or is it a favour to insiders as often happens before good news !
MOD Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held