RE: NGG Arranges Small Financing2.5M is small but if it's not needed it's 2.5M too many. The last financing was supposed to be the last. THe last few times I spoke to IR I was told they were in a position where they may not need a financing. A few weeks later they announced a PP (April). When I spoke again to IR that was to be it and here we are again.
WIth the money they presently have and the $ that will be coming in from production there should be no need for more DILUTION.
I agree they have great projects, that's why I'm here, but the shares keep pilling on. The way it's going we may end up like MacMin. They now have 450M S/O at a whopping price of A0.26.
jmho
P-Air