Proceeds from the Placement will be used to: • Undertake Further Drilling and exploration at the Greenvale multi-stage, multi-prospect copper porphyry. • Corporate working capital; and • Placement costs.
Only the inner circle and the driller would know if any drilling has commenced, and not the ordinary retail shareholders, but if it has commenced, then projected cyclone Kirrily could soon disrupt it as it could hit the coast near Townsville.
In the meantime, the countdown to the release of the assays with accompanying report for Cockie Creek dd7 drilled 4 months ago to a depth of 723 metres continues.
I suppose that a trading halt for the announcement would be asking too much!!
The buying interest is there, and only the odd holder sells a bundle at a time, so the news augurs well I reckon.
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