re: Ann: SUH: High Grade Sampling - Mantos Gr... Sampling means nothing. This is likely hand picked samples.
The company currently has minimal cash so I would expect that they will do a placement, rights issue, convertible note soon.
Only positive is that there are not many number of shares outstanding but to raise $4-5m (which is what they will need to do a meaningful drilling program) this would mean another 100-200m shares if they say a placement at 3-4cents.
Getting $4-5m is not going to be easy in this market for a junior explorer.
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Mkt cap ! $26.29M | |||
| Open | High | Low | Value | Volume |
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| LIT (ASX) Chart |