Post by
bob-ten1 on May 15, 2012 11:05am
Capital Expenditures
currently expected to be C$10.0 million. At the current share price they are probably looking at a PP price below .20 .What do you think Steel ?
Comment by
bob-ten1 on May 15, 2012 11:45am
why below $.20? The price is currently .23. In order to raise that much they will need to give a discount to the current price. They will need to place at least 50 million shares. That's if they find enough buyers. Also they will need to include warrants to sweeten the deal so that will mean more dilution.