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re: Lnglf.....who has been stocking up?
Posted on 5/19/15 at 10:29 am to LSUGUMBO
Posted on 5/19/15 at 10:29 am to LSUGUMBO
It's a secondary equity offering on the ASX. They did the same thing in July 2014 for about $40 million. Hopefully they actually have a commercial use for the proceeds other than "general corporate uses" type of thing. If they price at $3 a share they'll issue about 60,000,000 new shares.
1
Posted on 5/19/15 at 10:45 am to sneakytiger
I'm averaged at $1.72- There's a part of me that wants to buy more, but I'm a little leary. Would you wait and see if it dips again, or just buy at around $3 and take your chances?
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