CEL 4.00% 4.8¢ challenger gold limited

Ann: Initial MRE of 4.5Moz AuEq at El Guayabo Project, Ecuador, page-4

  1. 366 Posts.
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    Believe me I've seen MANY a lot worse with free at the money options.
    There are no option giveaways here. $10M of cash injection (oversubscribed).
    Agree that it could have been raised at a higher price but that would have meant options would of had to be issued near current share price diluting down the track. Let's crack on with a cash kitty and get some more drilling and resource upgrades done.

    Keeping the faith.
 
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