agreed! Frustrating and disappointing but patience is required. Rewards will follow.
looking at the cash flow statement for the June quarter it shows cash at $3.9 million and expenses at $1.6 million…so this is a busy quarter and I would expect the cash to be down to $2.3 million or less. Money will need to be raised. I believe that on the back of a successful drilling campaign at either or both projects money will be raised at a far higher price than the last raise at 5.7 cents and a one for two free option. Possibly 10+ cents or more.
copper is possibly the key to a healthy CR. Anything less than a 5.7 cents raise would be seen by the market as extremely disappointing and I don’t think it will happen.Money is easy to raise at this moment but it could change and the best time to raise money is from a position of strength.
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14.5¢ |
Change
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Mkt cap ! $288.5M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.8¢ | $423.4K | 3.003M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 1616524 | 13.5¢ |
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Price($) | Vol. | No. |
---|---|---|
14.5¢ | 1154553 | 11 |
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No. | Vol. | Price($) |
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22 | 1313050 | 0.135 |
34 | 1543862 | 0.130 |
31 | 1168838 | 0.125 |
21 | 582905 | 0.120 |
7 | 401558 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 904553 | 10 |
0.150 | 941785 | 10 |
0.155 | 681902 | 6 |
0.160 | 343722 | 5 |
0.165 | 100000 | 1 |
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