I dont see the mine development as a high probability thing for a small cap like us to undertake a capital raising plus use our cash up to fund. I mean other would be producers already have enough hit or misses getting to production that i dont see why we're betting the bank on this to find our growth?surely there are more conservative ways to bolt on earnings than taking a punt like this? If we were a larger company sure.. but this is literally going to take up the bulk of our potential capital we were hoping would have gone into acquiring other profitable businesses.
Still concerned anyhow on what exactly the gameplan is and therefore not sure ill be topping up at this rate if management give us a few liners to explain barely any reason behind this biz decision before shoving a cap raising form in front of us.
RDG Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
