Hi Drezed, Pavic, Koi7 and other SHs who struggle to understand exploration v dilution. Have a read of this and note that it is pitched at CRs in USA ...although there is a reference to Australian CRs. Also note that they tend not to do penny dreadful raises,
https://independentspeculator.com/the-dilution-dilemma
Cheers
Mulac1
Ann: Quarterly Activities and Cashflow Report, page-7
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