Become a paper shuffling company.
No drilling this year.
Over $2 mil a year in corporate costs. Paper shuffling costs a lot of money.
Will need a cap raise to drill next year if they can find somewhere on the mountain of lithium where to drill.
Probably need a uranium/silver/antimony or some other more interesting type commodity acquisition in order to raise any money.
Approx. 150 mil shares on issue with a market cap of $16 mil.
Still expensive for a zombie company.
Ann: Clarification to ASX Announcement dated 30 August 2024, page-2
Add to My Watchlist
What is My Watchlist?
