Originally Posted by
jonu
In response to JoshuaTree, I had discounted the possibility of a cap raising knowing they were fully funded for the declared bulk sampling. As I said yesterday, short term this is frustrating, but long term It is positive for 2 main reasons.
1. The extra funds are for a ramp up in production volume and timing.
2. It rewards only existing shareholders from 25th August.
The people who bought 15k worth @ 0.5, myself included have done all right out of that. This will be seen the same way down the track. For relatively large holders participation in this is hardly worth it and is a dilution to boot, but it does reward the new holders from the last 6 weeks or so.
I'm assuming they are anticipating the Bonanza announcement, which is surely due before the SPP applications expire,to give the SP a very positive boost which will make the SPP far more attractive.