They can’t do that because they don’t know the assay results yet. They might have confidence based upon for example XRF readings, but as far as I know they can’t use these in negotiations with investors when they have not been released to market.
They can release the assay results to market and then shortly after issue a trading halt pending capital raise. If the assay results are really good it could give a CR at a premium. This is what I think is likely to happen in about 3 weeks time.
Ann: Pure High-Value Titanium Mineral Assemblage at Rosewood, page-68
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $39.00K | 134.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 107953 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 15000 | 1 |
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| Last trade - 15.41pm 17/06/2025 (20 minute delay) ? |
| PTR (ASX) Chart |