We needed to raise 1 way or the other either now before it got to close to Christmas or it would have been early to late Feb like the last one as we were running out of money and need to keep drilling .
Happy to raise at 0.17c as much better than the last one at 0.12c....
And that would have been the cap rise price next year with average results because this market is hard to please......
And IMO it was executed well with the S...head media report building interest and sending us up to 0.21c or 0.015c from the 2 yearly high...of 0.225c...
Assay results IMO will be out before Christmas as this Company does what it says it will.....
Whether there good or not only time will tell....
But another 7 million in the bank will go a long way to finding the ball in the ballpark
Lot of support at the cap rise price of 0.17c - 0.175c but I expect further downward pressure on the share price as is with all cap raises but as posted previously 0.165 is very strong support - So lot riding on the results and IMO the way they are announced because on the 20th Dec 23 - 41 million new share will be issued and those new holders will react accordingly to that announcement...............GL
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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8 | 209673 | 0.115 |
6 | 57743 | 0.110 |
4 | 109781 | 0.105 |
3 | 159955 | 0.100 |
Price($) | Vol. | No. |
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0.130 | 8291 | 1 |
0.135 | 611569 | 3 |
0.140 | 10114 | 1 |
0.145 | 129950 | 2 |
0.150 | 56355 | 3 |
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Dusko Ljubojevic, MD
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