If it’s just a vanilla cap raise between 6c and 6.5c I’ll be disappointed as I think we could’ve held off longer based on the cash at hand and cash expected to be spent this third quarter, whilst we continue to de risk WM.
Presumably it will be to drill West Arunta (primarily)but that can wait for me if it means dilution at this level.
All things considered, Richard Bevan, Greg Miles and Mike Young all hold large amounts of stock and there’s no reason they would dilute themselves at this level unless they felt it necessary.
CZI Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held