The cap raise was done at 4.1c, exactly six months ago. Since then, the company completed an auger drilling program and identified significant gold targets. The ASX gold sector has been on fire since the last cap raise too. If the ASX gold index is a guide, we should have been above 7c by now. They need to raise money but raising at a price lower than the last price would be a poor outcome IMO
Ann: Brisbane Mining Conference Presentation, page-22
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