Likely won't see a cent in the bank from a non-renounceable share offer and an attaching option at higher prices than can be obtained on the open market. Such a predictable move to announce rock chip sampling on the day that the offer (which was extended) ends.
Who would buy shares they cannot sell?
Also, check out the annual report and have a look at where the money is going (Kelly) each year. Wonder if there is anything left over for drilling...
A-class avoid and long-term go no where.
Ann: High-Grade Copper, Lead, & Silver from Gascoyne Project, page-11
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