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financing
posted on
Jun 04, 2008 04:27AM
Can anyone explain why these junior mining companies continue with these private placements to raise new capital, despite the fact that they're getting shorted etc, instead of going to the existing shareholders with a right issue?
I'd be happy to pony up fresh cash for good companies that I already own but I'm never asked! Shouldn't existing shareholders have pre-emption rights over new issues?
