The Quarterly Cashflow Statement will be interesting.
I could be wrong, but I calculate they should have about $2.8M left from last Quarter's $4.8M, having spent another $2M on RC drilling and general costs, plus a further $1M on the diamond drilling plus assays, but then added the additional $1.5M from the second tranche of the last raising, which post-dated the last Quarterly figures.
If they are going to recommence a fairly aggressive diamond drilling programme in H2, with a focus on the high-grade zone at M1, then they will need to raise more cash for this. The question then is, how much and at what price.
The market has a nasty habit of selling a stock down when it is 'come' a capital raising. But you'd have to think the next one would be well above the previous raising at 3.8c.
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