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Porphyry Deposits Education, page-33

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179 Posts.

23

10/09/23

18:32

Post #: 69802849
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Originally posted by Shady Merv: ↑

Now you too are sending out panic signals. It is unnecessary; also a distraction. It is also a potential turn-off to others, and could trigger some selling. That would annoy you I reckon.

Funding the drilling is critical. Only a dumbo would ignore it. However, there is no indication at all that funds are running out. Also, it is way too soon to call the CC drilling results of no benefit. Wait for the assays. Watch the revised drilling program with interest. Read the last 2 reports again so that you can hopefully regain some equilibrium.

The feeling I get is that getting an upgraded MRE JORC on CC is important to the company in so far as raising capital again by issuing more shares, if in fact needed. Why do that before drilling Bottletree?

I believe that there are other avenues to raising money (one day). eg An asset sale! A deal with the owners of Ravenswood to exploit Steam Engine.

Furthermore, there is always the possibility of a cornerstone investor coming in. That would mean issuing shares of course, but I am sure that no-one would validly object to that happening.

Relax!!

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Shady the points are valid. Nothing wrong with the discussion its healthy not a distraction by any means its reality what are the options / possibilities

SPQ Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $15.18M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
22	10662670	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	3942857	3

View Market Depth

No.	Vol.	Price($)
22	10662670	0.006
9	5829982	0.005
4	1089475	0.004
1	600000	0.003
2	1800000	0.002

Price($)	Vol.	No.
0.007	3942857	3
0.008	9588651	12
0.009	2886221	3
0.010	1630000	3
0.011	740000	2

Last trade - 10.09am 01/11/2024 (20 minute delay)

SPQ (ASX) Chart

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