MXR 3.57% 14.5¢ maximus resources limited

capital raising.... strange timing

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    the timing of this is really odd…

    they should now be in the ‘juice’ of the first Billa Kalina drillhole….

    It might mean that they have nothing there, so they decided to get some cash now with lower dilution…. ooorrr
    perhaps it actually looks good, so they will get the placement done with sophisticated investors looking at a definite rise…. But I would have thought that if they announce that the Billa Kalina rocks look great; then there would be issues with the timing of the raising etc….

    who knows ? but the timing is odd…. they could’ve/should’ve done a smaller capital raising before the many drill programs began…. with the bulk of a rights issue coming afterwards….

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