Ann: Adidi-Kanga Gold Project Acquisition and Update, page-176

First 176 Last

Share
Profile

Follow
HAC30

5,633 Posts.

479

13/03/19

12:38

Post #: 37745857
Share

Originally posted by 82Punter: ↑

"Huge exploration targets are great but the money it would cost to do all this drilling is just going to result in (even more) dilution on top of dilution. Its just not feasible for them to try to progress AK and do a heap of drilling without the SOI getting even more out of hand."

Who says they're going to just drill all of the other targets using funding from cap raise after cap raise?
Wouldn't the prudent thing be to finalise the DFS by Q4 2019, progress to project finance to build the mine for A-K and start producing and use the surplus revenue (in excess of the loan repayments) from A-K gold production to drill the other targets so that the resource can be expanded and extend the mine life, using the same processing plant, albeit with likely upgrades to increase throughput.

Just saying, your theory of massive dilution to fund drilling of the other exploration targets is only one option of how to progress them and it's not even the second best option!

Expand

Yeah, that would be the prudent thing to do. Shame they said they were going to run exploration programs and DFS concurrently in the announcement itself...

I'm just going on what the company announces.

VEC Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

WA8

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

First 176 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Adidi-Kanga Gold Project Acquisition and Update, page-176

Top Stories

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Featured News