I’m confident, that all will be revealed soon, we know the CR was for drilling...
I agree the money won’t go far amongst so many projects including new leases also in Tasmania... It seems investors are worried about that, as reflected in some selling... however my experience with the company to date is they don’t dilute share price unnecessarily... IMO we will have an update to market on the next steps soon and we will be pleasantly surprised.
Issue announcement...
Purpose of the Issue (Last CR)
Proceeds of the Placement will boost Argent’s cash position as the Company advances exploration work throughout its top three projects:
■ Kempfield Polymetallic Project (silver/gold/zinc/lead) – 100% Argent;
■ West Wyalong porphyry copper-gold project - 77% Argent;
■ Loch Lilly porphyry copper-gold project (51% imminent, right to earn up to 90%).
ARD Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)