Last time we raised management spent one third of the raise on acquisition. They have just raised 19 mil on flow through this is dedicated to the next 12 months mining expenses. Leaves 40 mil SPP, I would say they will spend half on new acquisition = 20 mil and couple million shares to sweeten deal. IMO this management team is so switched on they probably have already done the hand shake. What have they bought in our proximity for 25 mil? These blokes don't sit in the office sucking on late's waiting for hole 7.
Last time we raised management spent one third of the raise on...
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Mkt cap ! $119.6M | |||
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