AEE 3.57% 14.5¢ aura energy limited

Ann: Half Yearly Report and Accounts, page-28

  1. 6,204 Posts.
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    @preempt

    I did some thinking and I really dont know why they haven't already gone down the path of raising a quick 100 mill shares @ 2c (no options) for working capital and DFS commitments to settle the balance sheet worries. That way it'll be free to stretch it's legs and command a higher SP on the vanadium rise. News of permits grant give it an extra leg up, then raise another 100 mill odd shares @ 3c.

    So that'd be $5 mill in the bank to fund working capital, Tasiast drill campaign, Tiris DFS and whatever it is they are going to do with the Haggan float.

    Disclosure held. I picked up some speculators @ 2.2. Im not here for Haggan.
 
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