RE:Something to think about ?
I guess it depends on what management do the cash. I've just taken a small position in this stock as I feel there are some great fundamentals. Location is brilliant in terms of nearby mines that have produced gold and all the expertise and facilities (power and mills) are on the doorstep. The fact that the PP was oversubscribed speaks volumes in this market. So my question is, what will be achieved with the capital that they have and what will be the effect on the share price. If they perform well, then maybe the number of shares in issues will not be so important. A rise above 50c could trigger acceleration of exercising warrants and more cash in to the company without a PP.