I'm of a similar view. It's very frustrating that they didn't raise earlier. Even 10 weeks prior when they acquired the extra tenements may have been seen much more positively as it would have looked like they were trying to rapidly expand etc (which is what some of the funds will be used for anyway). They have released several updates with positive aspects obviously hoping to maintain/increase the price to lessen this blow, but the market waited for positive cashflow first which hasn't arrived yet or in time.
Hopefully they have some positive newsflow once the shares/oppies hit, from memory a few things shouldn't be too far off -Survey results -Commence drilling -Further shipments -Proof of better grades being consistently achieved and demand for the product sold -Increased grade/recoveries/throughput/output as plant is further refined and new equipment is commissioned/operating -Positive cashflow hopefully not too far off
SL1 Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
