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Surely it was inevitable that the company would need to raise...

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Templeton

290 Posts.

09/03/16

09:49

Post #: 17224307
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Originally posted by chucke ↑

There's always a small tinge of excitement associated with a TH.......it could be a major contract win......a positive decision from the QLD Gov (hahahahahahahaha...that was a joke)......a resolution of the Summa legal issue......quickly quashed with the old Capital raising !!! Here we stand at a 'robust' 0.015c per share......Christ knows what the 'sweetheart deal' is this time. Will it be sub 1c ? The dilution will be also punishing. The next kick in the guts will be a consolidation of shares 10-1. For a company with such potential it's been in reverse gear for so many years and the reverse momentum keeps gaining traction. I know it's not all the company's fault entirely given the block of indifference it has met in QLD. But the end result is the same....shareholder capital & value destroyed and looking less likely to ever be returned.

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Surely it was inevitable that the company would need to raise some capital to finance ongoing obligations at BWC. Let's wait and see how large it is.
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Temp

CNX Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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