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It would be interesting to see how many current shareholders...

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pierre23

2,694 Posts.

1204

15/05/24

17:32

Post #: 73841605
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Originally posted by Shady Merv: ↑

Look, we don't know what happens behind the scenes as regards plans to raise money.

My assessment though, based on what the Cash Q says, is that they should have more than enough in kitty to drill extra holes at Bottletree (ie, beyond the 2 special CEI holes) over the next few months. That being so, a CR might be a little way off yet. How they raise though is the big question of course.

Going down the path of another of another soph issue would be disastrous for everyone; that is even if sophs would be prepared to subscribe again.

Perhaps, therefore, there would be enough time to raise through shareholders. Doing it that way would be preferable by a long way. We could then participate with a view to stabilising, and then enhancing hopefully, existing equity in the company. I would do it if there was a carrot or 2 in it eg listed options, good prospects at Bottletree and positive news on Steam Engine.

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It would be interesting to see how many current shareholders would participate if a raise were directed to them.

I would have to see the MD participate with at least $100k of his own money, at least then it gives the appearance that he has some sort of hope moving forward.

SPQ Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $14.00M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
7	3191670	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	3022916	5

View Market Depth

No.	Vol.	Price($)
7	3191670	0.007
16	3664101	0.006
7	7906009	0.005
3	1650000	0.004
1	1000000	0.003

Price($)	Vol.	No.
0.008	3022916	5
0.009	2478190	8
0.010	2172666	6
0.011	2422618	6
0.012	1225307	4

Last trade - 12.44pm 18/06/2024 (20 minute delay)


Last 0.7¢			Change 0.000 ( 12.5 %)
Open	High		Low	Volume
0.7¢	0.7¢		0.7¢	21739
Last updated 10.39am 18/06/2024 ?

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