RE: Capital raise16 Feb 2021 16:02
agreed PatBrown2 .. and as long as they can get the raise done in the general vicinity of 30p then they should just do it asap imho
(if they could only get it away at 25p or under then I'd offer they should think long and hard before doing it at all: at current market cap. of approx 30m they'd be looking to raise only 10-15% of that I'd expect.. and with Eric Sprotts already on board and this already having serious potential, while also already having recently been 'played down' 20% ish in anticipation of a raise, I'd become concerned about the true prospects of the asset and offer they should then potentially just conclude this drill exercise in the next few weeks - keeping some cash in hand - and focus hard on a sale for whatever the market rate is in second half of this year.. and if that were lower than expected then so be it and just sell )