DIO 0.00% $1.27 dioro exploration nl

has to raise capital 35mill, page-4

  1. 897 Posts.
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    of course it has to pay for the purchase! i didnt say that it didnt. but do you understand that raising capitol is going to dilute the share base? the last raising was at about 7.8c in a better market than the one we in now, and that failed miserably.
    i am only stating facts, on what has happened previously. i am not whingeing.
    in my opinion if a capitol raising is announced, depending on the conditions, and the way they go about it, the share price may drop bercause of the dilution. if they borrow money that will be more debt.
    this will be a huge raising and dilution for dio,- approx. 250mill shares to raise the $35mill and on top of 160-mill shares to harmony , that makes a total equal to approx. 400million new shares., if they do it that way.
    they have about 680mill in issue now, so that would be a massive raising.
 
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