Flippers looking for a stag will create some liquidity on 1 May for existing and new shareholders to accumulate more. Please sell it back down to 10c so I can buy more! Volume is generally very low between announcements so liquidity events are welcomed by big hitters and accumulators. Furthermore, if significant shareholders maintained or increased their % and some high net worth and funds got placed, the flippers hopefully didn’t receive much. Peter has been very savvy with previous raisings and I have no reason to doubt the process. The upside of multiple brokers is hopefully multiple reporting coverage. Also can make for a tighter book as demonstrated by the small discount. All in all, 20% dilution at 10c seems fair. This $3m can easily add many 10s of millions onto the market cap in the coming months IMHO if the geophysics continue to directly correlate to gold mineralisation along a potentially 3km strike. Cadia East is a monster and this could be the next one in the Cadia porphyry cluster. It is literally ticking all the boxes as per the table in the most recent preso. DYOR!
WTM Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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