AUZ 7.69% 1.2¢ australian mines limited

HI JD.What do you think would happen if they happen to raise...

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    HI JD.

    What do you think would happen if they happen to raise $10M, rather than the $5M ?

    According to the calculation of issuing another 172M shares at 0.29c, would bring the SP to around 3.4-3.5c - Yes agree not ideal, but these investors whether it be individual, funds, brokers or corp's....I don't t think they would be interested in making a quick buck anyway.(IMO).

    I mean if I was to participate in this, I definitely would not look at buying and selling, would rather hold till it goes back at least 3-4times, especially as to where the project is unto.

    Anyway, that is my take on this.....
 
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