OAU 20.0% 0.6¢ ora gold limited

Ann: Thundelarra Consolidates Allamber Leases , page-2

  1. 1,720 Posts.
    "The consideration for the acquisition was $55,000, satisfied by the issuance of one million shares at a price of $0.055 per share, which was 83.2% of the 5-day VWAP for thundelarra’s shares at the time that the terms were agreed in writing by all parties."

    One million additional shares is a drop in the ocean to consolidate Allamber.
    83.2% ?
    However it's more input backing up the chart confirming my suspicions there may be a CR at around this level at some point, be much better if there was no further dilution though for those who do not want to put in any more, but it may be right up a few director's alleys.

    'Drilling deep doesn't come cheap'
    My new mantra
 
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