Yeah same, my order at 11.5c didnt get filled either, damn.
All, i just wanted to get peoples take on something, and, i really dont believe this to be the case, or else i would have sold some or all of my holding.
But, is there any chance the company uses this move up and raises some more funds??
Has part of this upswing been a company driven action to help it raise funds??
Bearing in mind, the company had 4.5mil AUD before drilling and are required to spend USD5mil (AUD 7mil) in year 1 to satisfy the year 1 earn in.
I know its so close to assays, but ,believe me, I have seen it done before, just go back and take a look at FAU.asx, they incredibly raised funds at a time where assays were pretty much overdue by a week and they came out about 2 weeks after the CR
I mean, as I said above, if i thought this to be the case i def would have taken some off the table by now.
I guess this is a unique situation given Millrock, our JV partner, is also a publicly listed co. and are also appreciating in price.
But let me round out by asking you, if you were Duncan Chessel, and you knew you needed to raise cash soon, would you do it now or wait?
By waiting, if assays underwhelm and we are back below 10c, its hard to get that extra few mil to satisfy the earn in??
I guess the flip side is, if they know there is Gold, via the XRF, then they would almost certainly wait til post assays before considering anything.
And then again, they only just raised 4.5mil, but then it begs the Q. why didnt they raise enough in one go to satisfy the earn in ?
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