Survivors will be the ones that are cashed up which is why MLS is in very strong position. Most junior explorers will be sweating now as with normal cash burn they will be forced to raise cash at very low MC and result in heavy dilution plus hoping they are fully subscribed.
Management timed the CR and options expiry nicely. Now need to be patient and see this investment grow.
Ann: Director Appointment/Resignation - 3X & 3Z, page-68
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