$55m + ($15k x 2000 shareholders) ~ $30m = fully funded
May top it up with a debt working cap facility for contingency.
Alternatively excess funds = an accelerated exploration budget. Drill and construct in parallel to keep SP momentum. Gives leverage over banks in project finance negotiations meaning nil hedging like Dacian just achieved. Doray is suffering because of it.
Like their options.
Ann: $55 Million Capital Raising for Development of Dalgaranga, page-14
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$1.30 |
Change
0.020(1.57%) |
Mkt cap ! $1.433B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.27 | $5.116M | 3.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63368 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 21923 | 2 |
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