There was no issue with the side track I'm aware of.
I am just pointing out the black and white where SM said side track was fully funded.
Both can't be right, IF, you believe the cash spend last Q is completely down to MK2 + ST drill then SM either lied at the time about side track funding OR they have some forward spend in the last quarterly.
I agree now is not the ideal time to do a deal but something has to give on the funding front.
The argument then becomes what is best for shareholders?
I certainly haven't given up hope they get the rights issue extra over the line at 13c. No way anyone could buy 13.5 million$ worth on market. The sp would be mid 20's in no time at least IMO.
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Open | High | Low | Value | Volume |
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7 | 194380 | 0.068 |
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4 | 188907 | 0.065 |
Price($) | Vol. | No. |
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0.071 | 47572 | 2 |
0.072 | 156002 | 4 |
0.073 | 400000 | 2 |
0.074 | 500000 | 1 |
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