Got their full $11.1M as SPP was underwritten. Amazing DEV recieved so much from shareholders given the share price has been under the offer pretty much all the time. A tough market to CR than at the beginning of the year, probably the likes of the Goyder family % and oher large investors showing loyalty. Nice to see!
About $27M in the bank for exploration, and I hope not too much spent corporate costs. Brendon I hope comes through now on drilling, has shown such loyalty to Nabarlek, there are plenty of opportunities to spend the money. Soveriegn and Nabarlek. Looks like the lastest round in NT are narrow high grade U to guide next drill choices. A couple of good long holes (+50m) at 0.5-1%+ U would be very inspiring. Squeeze in drilling before the rains, then swap to Soveriegn early next year?
(DEG was a similar story for gold, Geo's and CEO really loved the trend but took them a decade to hit the motherload)
With SPP I only bought on market at a cheaper price, if the SP falls ready to top-up.
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