Sounded like a good project until they hit 10cm of massive sulphide in Hole 7 (in a single interval.) I assume they were targeting metres.
Good management don’t sell investors a capital raise that lead them to a 25%+ loss within a month. They now sound like a bunch of manipulators.
Plenty of cash will deplete pretty quickly if they continue with drill results below expectations - then who would trust them for round 2?
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Ann: Andover Nickel-Sulphide Zone Extended, page-126
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