Yeah think they'll raise post consolidation, probably aim for 50/50 equity and debt deal for the project then make decision to mine.
That means they consolidate to around 320million shares. Add 6.5million raised at likely 8.5-9c, say 75million shares and then use debt for the other 6.5million. I've added 2million for working capital through that process.
I don't think its a bad plan and obviously new name is to not remind anyone of the history of the stock, which hasn't been great, but the new team seems to be doing okay. I watch eagerly.
Ann: Cleansing Notice, page-8
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13.0¢ |
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Mkt cap ! $92.50M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 11.0¢ | $27.53K | 231.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 129679 | 11.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 27688 | 1 |
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