ENR encounter resources limited

Ann: A$10 million Placement to Accelerate West Arunta Exploration, page-7

  1. 5,414 Posts.
    lightbulb Created with Sketch. 3826
    Sounds like they could have gone for more, but this is an excellent outcome
    - SP trending up for the past few weeks
    - working capital for ~2.5 times what was reported in the quarterly where $4.192M equated to 8.5 quarters
    - 50c options... OK. Confidence?
    - Because it was limited to $10M dilution limited that would have been the case for a higher issue.

    A Goldilocks CR. Just Right IMO.

    https://hotcopper.com.au/data/attachments/5285/5285744-2f497a39b09021bafaef505a2d2ae834.jpg
    Last edited by Propunter2: 19/05/23
 
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