Ann: Firm Commitments to raise $1.25M, page-2

Must be dangerous out here for posters.....cap raise announcement and not a whisper....

Raising $1.25m, relative to a market cap of $6m, i.e. over 20% at a vwap premium is a pretty good feat.

13% of that being by way of directors chipping into the raise too shows lots of internal confidence.

This raise should provide capital to deploy the gas converted / bitcoin mining gizmos that are the key to extracting some value from these long held and almost dormant wells out in the middle of nowhere.

So looks like the shares are not in the bin just yet and this offers the slightest glimmer of hope.

GLTA

Wazz

I