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Ann: 80% Ownership of Olympic Domain Tenements Achieved, page-120

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WhatLiesBeneath29

2,083 Posts.

502

25/09/20

20:00

Post #: 47640188
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Originally posted by bbdrf: ↑

The last cap raise was at market price, not at mates rates. So the idea they are trying to miss on the first hole is a bit of a stretch.

IMO these guys have shown an aversion to cheap cap raises as they have a fair amount of skin in the game.

I imagine they chose for the first hole the one with the highest probability to hit pay dirt. With decent assay results leading to a huge jump in market cap, then they can raise funds for a much larger drilling campaign.

Expand

Agree - the first hole looks to have been selected due to the fact it is firmly in the conductive zone and thus should have the highest probability of success.

The second hole currently being drilled is in a conductive zone but it's also more related to nearology to Oak Dam West.

Last edited by WhatLiesBeneath29: 25/09/20

CHK Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $17.18M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1.2K	300K

Buyers (Bids)

No.	Vol.	Price($)
17	53343340	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	104191	2

View Market Depth

No.	Vol.	Price($)
17	53343340	0.003
11	45299658	0.002
15	40599890	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	104191	2
0.005	4842562	9
0.006	10981519	15
0.007	6190209	6
0.008	2453545	2

Last trade - 12.12pm 31/07/2024 (20 minute delay)

ALR (ASX) Chart