The last cap raise was at market price, not at mates rates. So the idea they are trying to miss on the first hole is a bit of a stretch.
IMO these guys have shown an aversion to cheap cap raises as they have a fair amount of skin in the game.
I imagine they chose for the first hole the one with the highest probability to hit pay dirt. With decent assay results leading to a huge jump in market cap, then they can raise funds for a much larger drilling campaign.
Ann: 80% Ownership of Olympic Domain Tenements Achieved, page-116
-
- There are more pages in this discussion • 170 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ALR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.03M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $4.272K | 1.148M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 48669674 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 8156023 | 11 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ALR (ASX) Chart |