This is what Bill was saying to you...
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They have cleaned up the structure so that this is a tidy resource shell now, with funds to review and vend in a juicy resource asset and add value.
Further supported by the director taking shares in lieu of cash (now why would he want to do that when there is cash to be had after the raising if he preferred
). From the Sept ann:
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And to remove all doubt...
from the Nov ann:
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Cygnet's past deals include ISX, GSC, FBR and a hand in 1PG RTO. And that, in a nutshell, is why the price is creeping up!
