I do not know why some people are concerned about Capital Raisings to pursue the exploration goals that a Company has.
Explorers spend money Exploring - That is what they do - Explore, hence the need to raise capital periodically.
Ampella has sufficient "Cash" to go forward and not slacken off on the "Aggressive $25.3 million exploration program" and if they need more, another Capital Raising will occur.
Obviously Shareholders want Results and resource Upgrades, so Money must be spent in order to satisfy Shareholder desires.
My concern with Ampella (I am quite heavily invested in this one now) is its "timetable". It is dragging out the PFS now and a DFS is probably two years away. This could very well be a contributor to having some "largish" Shareholders divesting their stock, as appears to be occurring.
AMX Price at posting:
44.5¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)