That heavy sell-the-Manna-news and the lowish cash position would normally signal a cap raise, ahead of the resource upgrade and announcements on the next Li drilling program and exploration at Ularring. All enticing future events to help sell a cap raise. The only thing that clouds that somewhat is the Manna announcement sell off day was also a heavy covid down day on the market. It would be wise to lock in funding through this next Covid uncertainty period.
There must be someone on these threads who is privy to brokers comms on a cap raise if there is one? Spill chaps!
I'd like to think they go for a decent $10-15m on this raise and up the tempo across all three project areas.
I'd guess a raise is imminent, but do you guys have the raising price yet? Either that or CW's story that there is one seller and the current drop suggests they are still selling.
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