Jerko has 9% of the company. Skin in the game is what we like to see. Set to become very wealthy if all goes to plan.Things moving in the right direction. Happy to accumulate and glad I held my 2cent parcels.
<$1m loss and spending on exploration, low cash burn.
Cash increased $2.5m from prior year, $3.8m raised.
Zero debt, strong balance sheet.
Not many options I see. 12.5m with a 9c strike by Jun17. A decent hurdle level. 5m for Chairman with 3c strike to Dec18.
Some dilution and share issues along the way. Inevitable for junior explorers. If the market likes progress and the company is performing, shares on issue need not be a heavy baggage.
Things are getting more serious with now 2 MOUs. Many juniors promise, a much fewer number deliver. Fast track to the ‘elusive’ and much sought after production status, leap frogging a large pack of hopefuls. On track securing the right partners and pathways to funding for the next level. Producing company should be multiples of $30m MC.
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