@WhiteRhino what they need is a solid $4-5mil of recapitalization to buy them about 1.5 years runway and about 1 year of exploration drilling (not resource definition drilling).
They do need to make a serious hit to confirm an economic discovery. Something that gives the market confidence of one. Something thick like 80m @ 1% Cu at a new target.
Problem is that most their raise goes to paying Max's salary & corporate expenses. They only do piece meal raises and always needed to raise every 2 qtrs. existing shareholders have already been diluted into the stratosphere.
At the end of Mar they had $1.3mil cash. Burning around $800K per qtr. So another CR will be required in Q3 after the AGM.
appears to be the same recurring theme. Dilute the SOI by 40% thru 2 cap raises each year.
- Forums
- ASX - By Stock
- CPO
- Ann: High-Grade Copper Assay Results from Vista Montana
Ann: High-Grade Copper Assay Results from Vista Montana, page-26
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CPO (ASX) to my watchlist
|
|||||
Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.144M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 4.0¢ | $35.57K | 878.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 443369 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 443369 | 0.040 |
1 | 25640 | 0.039 |
2 | 456418 | 0.038 |
2 | 60403 | 0.035 |
2 | 93745 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 100000 | 1 |
0.044 | 320639 | 2 |
0.045 | 505730 | 3 |
0.046 | 196738 | 1 |
0.047 | 364141 | 3 |
Last trade - 15.59pm 20/08/2024 (20 minute delay) ? |
Featured News
CPO (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online