With $8.5M cash as of 30/9/22, less drilling costs to Dec, this CR will get that little money bogey out of the way and clear the way forward not only for SP but more importantly the expanded drilling campaign for REE's & other projects.
There will be an unprecedented amount of drill results coming through with 4 - 6 rigs going gangbusters for most of this year.
I also see this raise going at a premium.... DT won't give it away, and raise ~ $20M plus.
And as history has shown when DRE CR it adds SH value.
Good to get this monkey off our back and keeping the good ship Dreadnought on course & full steam ahead.
Ann: Trading Halt, page-26
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