On positive side there appears to have been little problem making the placing and the rise in price has meant a smaller dilution than last time
When the fund raising is pretty much for identical purpose as last one I do agree that a small note of explanation would not have gone amiss - especially when indications were that the report was going to be produced last autumn - (at this rate it will soon be this autumn ) Also one would have thought a price would have been agreed for the report when undertaking the first placing .
Possibly and hopefully the mineral extent was greater than anticipated leading to need for further work or lenders have required more detailed information
Either way more of an update as opposed to regurgitation of the last RNS would have been helpful .
The other side is if I was a lender - apart from asset base likely future income I would look at companys previous RNS and website to see if in the past they have delivered on their plans .
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