The real concern of this capital raising is that the current shareholders will not buy.
Let's see, the current market price is 1.7(1.8c) and they're allowing you to buy at 1.5c? When they annouced it when the market price was 3c I was happy to buy. But now? Seriously doubt much of the population will buy.
So, where will the company go with a lack of funding? I wonder how long before they start selling off their assets and projects. Then that's pretty much the end of it.
Again, all just my opinion. Btw still holding LRC.
LRC Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
