i'm not suggesting i like these options. simply relaying some of the approaches i have seen at this end of the market. it happens more than it should but thats the nature of an unregulated sector of the ASX. Make no mistake, the ceo's of these companies are salesman until the day they sell ore. i've seen some absolute carnage on other plays, 15% discount then an ann, followed by a pump and dump....
The reality is, alot of the time anyway, is that we buy our shares off another investor and the company doesn't benefit from it... so they either go SPP/rights issue or they cap raise with sophs. giving to retailers is expensive and time consuming, sophs for the most part at quick and cheaper.
the only reason i'd suggest some kind of motive is the timing... visuals, visuals, CR, assays.... wtf ?
Note:*i dont have a long history at all the PNX and so far they seem like straight shooters*
