Ann: A$5.6m Raising to Expand West Arunta Exploration, page-50

Low shares on issue after the very low first raise which was already recycled over and painful for us longer term holders to experience for many weeks around 3c but eventually it got soaked. Now the register is more consolidated, many traders have now made their money and are free rolling now so less likely to sell more parcels. Plus the overall exciting nature of the company and its multiple targets. Along with 2 diamond drill hole results and RC assays arriving in the next month which should have decent gold and copper mineralisation at a minimum. Adding to that gold and copper are at all time highs. Plus the Avalon, Luni characteristic REE target now fully funded to test…
Even this raise wasn’t huge in the Scheme of things thanks to the share price rise! Even if the instos offloaded all 50M shares, we have had many 50M volume days in the past month so they will be quickly absorbed right now.