Not bad.
Eligible share holders were allowed $15,000 max @ $0.078c
3 weeks after the closing of the spp @ 0.078c a so called sophisticated investor chips in $1,000,000 to also receive a parcel @ $0.078c per share for a paper gain of 15% (or $153,846) at latest closing price, and at the same adding another 12+mil shares into the pool/lake. How desperate is this company?
Has me wondering how the budget is going for the pilot plants progression.
$35,000,000 in debt atm, $11mil of that deferred. Very rarely does a project in Australia run to original estimations.
Originally the pilot plant was earmarked to cost US $18mil (or roughly $25.7mil @ AUD/USD @ .70)
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