Do you/anyone have much inside why they spend A$20m drilling this year?Since Shandong controls 49%+ and do not have FIRB to go above 50%, they can’t really convert those loan into equity without a friendly investor to inject further equity and create dilution hence capacity for them… it really seems a major dilution event is coming. Or am I missing something?
Ann: Exploration Update - Laverton Gold Project, page-7
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