Ann: Exploration Commences at Woolgangie, page-4

what time is it??



its not working like it used to!!! think the mkts finally worken up....!!!

about to enter the penny dreadful CR conundrum:


ceteris paribus: if they fail to pump this - to raise the req'd $6m on each CR cycle, the new shares issued will rise exponentially (post the 1 billion SOI mark). Soon, 200m shares will need to be issued at 3c (to attract uptake), that will force the SP down to 3.4c (at best, normally below raise price of 3c) to keep the Mkt cap at its current $36m mark (assuming even that holds).
The next $6m raise requires 222m new shares driving the price down to 2.2c on completion and so forth.....by the forth raise, SP at 0.007c and over 2.2bn shares on issue....penny dreadful territory - assuming the market cap remains at ~$16m!!

of the 14yrs this has existed, there hasnt been a more critical time for them to hit exploration success. Literally throwing everything at it....if not, there's maybe room for 2 more CRs...then its officially a penny dreadful....

those anomalies better show their potential....and fast....! JP's retirement beckons!!