A cap raise is seen as weakness. They generally all dip unless there's a strong balance sheet.
If they had the funds to acquire the tenement then it would have moved north.
But, they raised on an option.
No one should have confidence in that.
Assuming the 100kg samples come good and they exercise the option they really should raise again to build the plant. Then it will move.
But so many of these companies are lifestyle companies.
So don't bet your kidney on it.
A cap raise is seen as weakness. They generally all dip unless...
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