Hadn't noticed, actually....please tell us what aquisitions have been inked so far in 2024? There was a short flurry in 2023 in West Australian assets only, but i dont recall any getting done this year anywhere nor any newly proposed in 2024. But I have seen potentialy huge new discoveries like CV-9 (discovery hole was wvery bit as good as CV-5) at Patriot be entirely ignored by the market however.
What exactly is the difference in the end of selling 20 metric tonnes of new stock to raise capital to pay cash for a new project & just issuing 20 metric tonnes of new stock to buy projects with? They are doing both anyway...166 Mill issued for payment is dependant upon a $1.2mill cap raise.
Current SOI 1,662,990,000
New consideration shares 166,666,667
Cap raise issue @ .025 480,000,000
Dilution for this project is almost 40%. 40% to go chase nonsense in Africa delivered by a company that has bever delivered a damn thing in WA, SA or Victoria. Let that sink in.
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