Remember Hummingbird9 Feb 2026 23:20
A deeply discounted issue of shares, what are the BOD thinking off ? This looks suspiciously like the happenings at Hummingbird (Which was initially a major shareholder in Cora) Those of you who don't remember the Hummingbird Saga when PI's were done over should refresh their memories. It all started with a major shareholder coming on to the register and then by mismanagement , increasing their shareholding bit by bit, following a series of 'setbacks' till they were able to have a 75% majority holding and offering a derisory amount to take full control of the company, just before the Gold price went into overdrive.
6p is way too low, the December capital raising was done at a 4% discount . The current raising should have been done at nearer 10p , (bearing in mind the percentage to Eagle Eye of 29.9% ) or even more for the control it now gives them .if it is was needed at all !
I will be voting against this crazy action by the BOD when the meeting is held