Good news that the shortfall has been placed and that funding is secured now. It was a significant shortfall when the initial cap raising closed, so the board have done a great job to place the remainder at the initial offer of 1.5c. They now have close to an extra $2M to advance exploration, primarily on their flagship gold project on Horn Island.
The market has responded very positively this morning and from a previous close of 1.2c, the share price has climbed to a high of 1.9c so far today, well over and above the raise price of 1.5c. Very positive to see the share price increase >50% today upon trading again.
As a holder I'm looking forward to new deeper exploration on Horn Island to hopefully identify and validate the new geological model with the potential of a multi-million ounce Intrusion Related Gold System lying underneath. With just under 500k oz Au resource identified to date from relatively shallow drilling, this could increase to be a very substantial resource. Hopefully another announcement soon outlining the next steps at Horn Island.
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0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $9.175M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $3.382K | 422.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2335522 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 389780 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2335522 | 0.007 |
7 | 2054460 | 0.006 |
6 | 4166812 | 0.005 |
15 | 17390239 | 0.004 |
5 | 18433656 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 389780 | 1 |
0.009 | 605814 | 3 |
0.010 | 566756 | 3 |
0.012 | 99840 | 1 |
0.014 | 1000000 | 1 |
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