Agreed.. Good to see that is off the agenda and the risk is gone...
Also one thing I tried to dig into is why would they raise cash fairly urgently..
1) Well last quarter they spent 158k on Admin and 219k on exploration and they had 625k in the bank.
2) Assuming another 158ish in Admin and they have just run more drill holes so I am expecting that would have pushed up exploration, I presume there wasnt a lot of money left in the kitty..
3) I am presuming the Deed of Settlement on Mt Chalmer was free either..
So I guess they needed to stay solvent.
Anyway I am still onboard in a wait and see mode.. I have waited for so long now why not see what Mick will do and give him a chance.
DYOR.. Not investment advice.
EAR Price at posting:
9.9¢ Sentiment: Hold Disclosure: Held
