They mention 16 rock chip samples but no indication of whether they’ve been assayed already or if they’re pending.
Given the company couldn’t even afford a drill program right now, I assume the approach is to wow the market with a rock chip ANN and then run that into a CR for the drill program.
That’s a huge amount of dilution on top of the 480m shares in todays ANN.
Am I reading this right?
P.S. at $10m mkt cap I guess there is limited downside although the SP could easily go back to 0.003 and lose recent buyers an immediate 40%.
Ann: OAR Agrees to Acquire Highly Prospective WA Lithium Project, page-11
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0.2¢ |
Change
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Mkt cap ! $6.601M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $100 | 50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 94 | 303926865 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 49485258 | 18 |
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| OAR (ASX) Chart |