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Originally posted by Ocram69:
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This qoute is from the most recent capital raise , note there is no mention of infrastructure spending and quite a lot said about ramping up exploration "We see this next phase of activity as very much a continuation of the strategy we have been pursuing over the past three years - with the three key elements comprising aggressive exploration to grow our Resource base, selective and value-accretive acquisitions and mergers, and the completion of high-quality development studies to progress the Bardoc Gold Project towards production. “As a result of this raising, Bardoc will have cash of more than $35 million, giving us the financial capacity and flexibility to rapidly advance the next stage of our multi-pronged growth strategy in the Kalgoorlie district. “We are already well advanced towards achieving these goals as a result of the strong Pre-Feasibility study announced in March this year. Additionally, with activity levels now ramping up across the Company, investors can look forward to strong upcoming news-flow including a Mineral Resource update due later this quarter, regular updates on our DFS activities and, of course, intensifying exploration activity.” pretty bloody clear that exploration is still a major part of the current agenda.
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You missed a part, it wouldn't be the ASX if you didn't raise funds for a discount to sophisticated individuals/ fundies "tight hands as standard" every few months so they can make a profit selling it the next day on market.
