Friendly Takeover - Please Clarify ..., page-25

"BDR could dilute the shares on the registry by 33% at 4.5c and raise almost $40m"

In theory they could, but in practice can they?

Every equity raising has been a failure. How many times will the market play double or nothing with this stock, even if it does have access to "other people's money"?

Pity because it seems like they are more believable this time around, that's if the mill upgrade can be completed successfully. Esh