not a popular question but will svl be raising cash this quarter? EIS by Dec will not be cheap. resource update coming in aug/sept
looking at qr and raised $3m at 16.5c. quarterly spend was expected to be $3m which would leave them needing more cash for both of next quarters. the EIS and FS in dec can be delayed also but should see a rerate. so interested to see if anyone can add to this estimate on svl. macros are crap but can change before xmas.
i suspect will see a repeat of movement earlier this year where see a share price rise before a cr announced but happy to be informed otherwise. anyone?
Ann: Silver Mines Presentation June 2017, page-26
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