"...“We needed to do a capital raising at some stage this year, but we hadn’t worked out how, when, and how much. It was the feedback from our investor trip on-site following Mining Indaba that prompted us. “George Kenway (Nimrodel chairman) and I went over to Sydney with Bell Potter Securities and we met a group of institutional investors and clients of theirs, and the feedback was very strong. Hence instead of going for the minimum, we decided to take as much as we could, while we could, and go for double. “We don’t have to raise money for some time now. We are funded through to the next phase of drilling and beyond, as we are preparing our data for a potential PFS.” ..."
And
"...The resource we have at Takatokwane is fantastic. We do need to do more infill drilling there to firm the resource up ..."
NMR Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
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