URL 0.00% 13.5¢ universal resources limited

more dilution required 70 mill needed, page-2

  1. 2,180 Posts.
    LOL if the merge ever goes ahead - post merge there will be 2,400,000,000 shares on issue (2.4 BILLION) sure they would have 30 million in cash but why not go it alone instead of adding another 1.5 billion to the already swelling issued capital of 800 million

    they should go and get financing if the DFS is so good

    the merge will just screw the shareholders....i vote NO

    then there is the Hedging that will be required and the total capital cost of USD $170 MILLION
    This is a very dangerous play and one i would stay away from fellas....word of warning MMM
 
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