I've asked Paul for information on this announcement as there...

I've asked Paul for information on this announcement as there are no other details I've seen.

My message read:

"Hi Paul, are you able to provide a bit of insight into the announcements yesterday?

5m options would result in a top 5 holding if they were all converted.

I appreciate this is likely for payment in lieu of cash, but what are the services and expectations from the company?

$0.25c seems like a low bar considering the effective 12 month delay in getting the scoping study published and the lack of positive news over that period and the fact a placement was done at all time lows.

Cheers"

Looking at the Pac Partners site, it seems like the largest placement they've completed was $25m, which I'm expecting won't be large enough to take us mining, in which case the decision to go mining won't be for another 12 to 15 months given the PFS still hasn't started yet.

I'm looking forward to Paul's response.

https://www.pacpartners.com.au/