Sadly no... there should be another 3-4 weeks wait at least, since they announced the delay in assay results, only 4-5 weeks have passed. Market sentiment is bad across whole sectors, gold price keep getting suppressed, anticipating another big selloff in the market soon.
5.7m left in the kitty since the last quarterly report, and it can last them for 2 quarters at least... Feel bad for those who participated in the last capital raise in February, the 4.3m raised almost got burned off, and now we are back to the price of the capital raise, 3 cents. They need to have some strategies in place to pull the trigger for the next capital raise. So, the delay in assay will be the nice way to ride through the negativity, before the market sentiment improves. The upcoming results are very critical, and they really need to nail it this time, either JV opportunity or capital raise at a higher price, will be dependent on the results.
LCL Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
