Littlecorn A little forward thinking here - we are talking $330K...

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  1. 23,832 Posts.
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    Littlecorn

    A little forward thinking here - we are talking $330K

    It is one thing to own 33M shares at a 20% discount, it is another to hope realise them and receive back your investment

    The only way he will every realize that position on market and at 1c+ is through successful exploration

    Therefore, your theory that he put up $330k to instill confidence, possibly influence the market etc I don't accept

    Considering he owned around 17% before the placement, an application of only $170k would have been required for him to avoid being diluted. A $330k+ application suggests he is having a decent lash and backs the results
 
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