The Quarterly Cashflow Statement will be interesting.
I could be wrong, but I calculate they should have about $2.8M left from last Quarter's $4.8M, having spent another $2M on RC drilling and general costs, plus a further $1M on the diamond drilling plus assays, but then added the additional $1.5M from the second tranche of the last raising, which post-dated the last Quarterly figures.
If they are going to recommence a fairly aggressive diamond drilling programme in H2, with a focus on the high-grade zone at M1, then they will need to raise more cash for this. The question then is, how much and at what price.
The market has a nasty habit of selling a stock down when it is 'come' a capital raising. But you'd have to think the next one would be well above the previous raising at 3.8c.
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Ann: DD Program Expanded and High-Grade M1 Intercept Returned, page-28
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $178.1M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 14.8¢ | $1.717M | 11.43M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 503998 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 3315157 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 503998 | 0.150 |
16 | 2480603 | 0.145 |
13 | 2390714 | 0.140 |
17 | 1638991 | 0.135 |
4 | 359732 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 3315157 | 18 |
0.160 | 5722549 | 30 |
0.165 | 1814176 | 12 |
0.170 | 646714 | 5 |
0.185 | 27027 | 1 |
Last trade - 16.10pm 13/08/2025 (20 minute delay) ? |
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WA8 (ASX) Chart |