So when they say the company has a cash balance of $X million and are well funded for their current exploration programs what the h*ll do they mean!? That is twice now that they have raised extra capital after stating they are financially sound. There is no mention of further exploration so why raise money if they already have enough for current explorations?
In a previous post after the last raising someone mentioned they are raising the money while they still have some chance of doing so! Does this therefore confirm the precarious position the poster was implying they were in?
capital raising, page-2
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