The share price pumped to 33c where SM raised at 23mil at 23c so that was a far better deal then cluff was going to stump up at that very moment in time.
Then we all know what happened at MK1
Its more all the cash 63 million (after MK1) that was raised and expenses still without results of a flow test at MK2 has pretty much killed it until something else can turn the tide.
Cluff won't be turning around now and say here's 50 mill for all your drill stuff ups
IVZ media thread, page-6399
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