Lani
Rereading the reread of the corp. transaction now puts me back to my original read - now confirmed by the Answers to Shareholders Confusion - $17.5m is a serious amount of cash for dilutionary purposes (approx 40%).
Oh well, might need this amount until a farmee can be found. Then if you farm in, there will be more dilution,albeit, farmins have more of a positive effect on the market as it is viewed more of a "key to unlocking the future assets".
Boeing
Should be enough there for a shallow drill or two in the near term Docmin
They wouldn't dare have a capital raising below 1 cent .Might need some more time off. Capital Raising
Might need a placement to sophisticates if you guys don't stump enough Consolidation.
After a big find. Weak balance sheets can be catastrophic.
Conclusions
The person who thunk up the concept of a publicly listed company was a capitalist genius.
My opinion
EGO Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held