'The Company may contemplate a further fundraising based upon ongoing satisfactory exploration results'
I'm thinking a raise won't happen until after receipt of Rocky Dam results and also Magnetic and 3d results from Tarraji at the earliest. After all, how do you know how much money is needed for follow up drilling if you dont know what drilling is required/if it's required? Im thinking around ~5 Aug for release of Rocky Dam.
The one thing I keep asking myself is why PC exc'd oppies last week? Why now? Maybe a lease payment had to be made? But we already had ~$460k in the kitty. Either way the precedent has been set that in the eventuality the co absolutely needs cash the oppies can and will be exercised.
Buy order in at 1c
IMO
GLA
Ann: RC DRILLING HITS HIGH GRADE GOLD AT METZKES FIND, page-129
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