As Bruce observed above, there's no blazing need for cash at the moment.
And those G88OAs aren't all that far out of the money.
If any of the shortfall were to be placed now, one'd hope it'd only go to a strategic investor with a proper long-term perspective - and perhaps something tangible to bring to the Company. Links to off-take, for example.
Alternatively, if the Met 3 investigation demonstrates there is a significant component of ionic REE mineralisation at Quicksilver - and there is plenty of indirect evidence that is the case - then I think the share price will look after itself, and any shortfall from that raising may never see the light of day.
I think only 5% of the historical pulps have been re-assayed for REEs, so there's no immediate drilling required to help define the resource. Just lab work on existing core.
And what a prize that'll be, if the earlier assays are indicative!
G88 Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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