"An extra 90Million shares ? Has that just diluted existing shareholders value by 60 plus percent?"
From memory this puts about 700 million shares on issue. Dillution of 60% - not when I went to school!!!
How do you think they were going to pay for the drilling and define a resource ?? Raising the cash in the current climate is only good news.
DEALROOM
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.