been watching this basket case for a while.....Caruso gets his money back from the placement, and the directors get paid too. Doesnt leave a lot of money left. As for the tenements in NSW....meh....pretty ordinary, nothing that i'd put money into.
As for other plans, that would depend on who takes placement stock.....do they have a cunning plan??? existing holders will get smoked by the looks, if they dont get a look in, then you expect them to abandon ship, given the raise is at 1 cent, and basically pays out the board.
Though, it would come out with around 200M SOI, so, at 1c, gives say, 2M MC, with about 500k cash......not too shabby, but,without any hint of a new direction, or any insight as to the "white knights",i think it would be a hazardous one...just my thoughts
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