Hi Brian,
a few more small items they will likely use the capital they raised for is the two purchase/options they initiated in Nov last year?
Plus I guess drilling out these targets to ensure Darlot has a lot more sources of ore.
Great Western deposit
Cable and Mission deposits
Although they can pay for both of them, via shares... (5day vwap). A shame they did not take up the options... when the SP was higher?
They do have until mid April and May to actually decide.
The deals look incredibly cheap to me, especially the Cable/Mission deal. $13 an ounce...
Ann: Landmark $125 million capital raising, page-23
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