Could be time for a tip. Keen to hear what you find out FMF.
Sector: cobalt, with gold exposure
Nearology: Ophara cobalt-gold project is sandwiched between COB Thackaringa and HAV Mutooroo
Other interests: 40% of Horse Well gold project in JV with DRM
Newsflow: Ophara EM surveys (June/overdue), complete RAB drilling (July), complete RC drilling (Aug)
Sectors and projects look good but downside is low cash position. They had $1m at end of March and have probably used half of that in June quarter. I'd say a CR is coming.
Last placement in late 2016 for $1.25m at 0.5c was followed by tip sheet pumping and mark up to 1.6c at end of Feb 2016 so I suspect that placement did not go to sticky hands. There were 4.3m shares issued for provision of online marketing services.
