ccb, the Company has only received approval to issue a max. of $20 million worth of shares.
They will only have a CR if necessary. i.e. for working capital, an acquisition, or to develop a mine. If they are developing a mine or make a mega acquisition, then the share price will be way north of 1 cent when they have the CR.
Acquisitions are often paid for by issuing shares rather than by paying cash (or a mixture of both).... Think about it!!
Now is the time to be picking up quality assets in Europe...
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