If the company had an intention or need to raise at these sub 5 cent levels, it would have done so already - quick smart. In fact it would have announced a raise when the share price reached 5 cents following the last strong announcement.
The fact is they haven’t. Why? Two possibilities:
1. The partnership proposals are relentlessly strong and involve generous non-dilutive funding (the partner may have been lined up before drilling and waiting for the results from Nomgon)
2. Nomgon data is at the much higher end of expectations and they anticipate a significant shareprice re-rating on announcement of the news (next week)
Either way, the company is positioned to become a multi-year, multi-bagger and 4 cents is the beginning onroute to $1.50.
Closing in on 5c again, page-156
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