The entitlement issue is a masterstroke, enabling shareholders to increase their holding in what is a world class project, while sending a powerful signal to potential bidders that the true value of the company is way above the current sp.
All of the geologists I have spoken to agree that Natougou is likely to get materially bigger in size, possibly as big as 5m oz, given the open strike and very high soil anomalism.
When the sp is $1.00-$1.50 in 6-12 months time, it won't come as any surprise to this shareholder. It's as plain as day.
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- Ann: Proposed A$20m Entitlement Offer
Ann: Proposed A$20m Entitlement Offer, page-8
Add OBS (ASX) to my watchlist
Currently unlisted public company.
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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