Mate, I think your investing in the wrong end if the market if a CR gets you this worked up.
How do you think companies like this pay for exploration?
Placement capacity is 25%. So the the Co issues half of that, around 30mil shares for around lets say 4.6c a share will be around $1.4m plus what we already have now, so id say over $2.5m. SOI would still be under 300mil.
I think management are doing a good job. Converting the con note at a premium, exploration has started and now cashing up to drill next year i assume.
I'm happy to let this one play out.
Ann: Trading Halt, page-9
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