AUZ 7.69% 1.2¢ australian mines limited

I'm less worried about this current capital raise, as it's the...

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    I'm less worried about this current capital raise, as it's the lesser of two evils and we can't be trading insolvent.

    My fear is dilution as part of the broad financing package and none of us have any idea how that's going to play out. There's so many variables at play but I think all holders will agree with me that we do not want obscene dilution eating into the profits. Some dilution is understandable and fine, but if 400m or more of equity is raised at the SP this is currently sitting around, that's downright terrifying.

    There are a number of us holders who have been very patient and continue to be while we wait to see this broader finance package, I don't think any of us want to end up losing all of sconi's new profits to instos who swoop in during the final hours and take advantage of the low SP to run amok.

    I'm optimistic to see how management handles this, as it's the single biggest threat we face in my opinion. I think due to the EV revolution the mine will get built, what kind of value us loyal shareholders see is an entirely different question. Here's hoping my worries are over exaggerated and management has a plan for this.
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