They got another $1m circa from tranche 2 of the December raise early feb.
They have then got circa $1m from the placement they just did.
So they should have about $3m in the bank now.
They will get another $300K from the second tranche of this placement in may.
Not to be counted but the will also get $180K from a Government grant to drill out the Mogul project. they will also be reimbursed $400K if the Chilian lithium project they looked at (probably 1 in 10 at best they see that cash).
On the loose shares, I would say not many at this point. It seems like the top 20 are all buyers.
I think there was only one major share holder who sold in the past 12 months and he is a holder from the dark old days.
M4M Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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