Retail investors had ample time to buy at 6-8c prior to the drill results. Plenty of time to take profit at 20c also.
You need funds to get aggressive with a serious deposit. I agree with their move.
$10M in the bank, debt extinguished and no need to tap market for another 12 months now. 3 drill rigs to be running.
If they think they have a potential DEG on their hands then best thing is to drill it out as fast as possible while gold is where it is.
Ann: $10M raising for multi-rig drilling and to extinguish debt, page-196
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $11.57M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $24.02K | 2.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3325530 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2683381 | 6 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
| LCL (ASX) Chart |