Ann: A$5.6m Raising to Expand West Arunta Exploration, page-5

Looks like they went with the 10 day average instead of the 5 day average to get it lower. It should have been done above 12c to be honest so that is disappointing. Also surprised they have CPS managing it after their dumping following the raise pre phase 1 drilling around 3c. Maybe they learnt their lesson after missing out on the gains since and might hold this time?!

I would have liked to get the raise done higher with copper and gold prices only strengthening this week. At the end of the day, the capital raise uncertainty is out of the way now, the non holding trolls can now no longer use it as ammunition lol. They may even get a chance to buy in around 10c now.

I expect us to test out 10c then the reversal should quickly unfold and business as usual! A nice chance for non holders to enter at a little discount, who may have previously thought they missed the boat! Diamond drilling and RC results to come for likely high-grade Iron oxide copper gold mineralisation, then the upcoming Avalon, Luni-like anomaly which has REE signatures all over it! Looking forward to the weeks ahead and to test new highs!