CMM 1.12% $5.44 capricorn metals ltd

Ann: Equity Raising and Key Board Appointments, page-82

  1. 12,259 Posts.
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    July 2020 ha ha ha.

    Maybe get some funding on the table first and you can start this stupid guessing game.

    You guys don't mind going into hype mode.

    Did anyone even look at the first set of new drill results from 4,000m of drilling at Tramore? Certainly not worth issuing 386,858,122 new shares for. The announcement had the old results presented first to try and ease the shock of the overall poor quality of the new results.

    The last thing this company needs is more exploration, that can be done once the mine is up and running and working. They have a feasibility study. They need to build the mine as promised when funding was "secured" in Dec last year (see quote from CMM's Chair below). A July 2020 first gold pour might have been possible if the board hadn't been rolled and funding allowed to lapse in exchange for more drilling and boot filling. Esh

    Capricorn’s Non-Executive Chair, Debra Bakker, said: “This is a significant milestone for the project and a major step forward in the development of the Karlawinda Gold Project. The Macquarie Bank funding package reflects the quality of the project and the significant work undertaken by the Capricorn team over the last twelve months following completion of the feasibility study in October 2017 and Optimisation Study in June 2018. This outstanding result removes a significant impediment to the development of the project and we can now push ahead to become Australia’s newest gold producer”.

 
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