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6.9¢ canyon resources limited

Ann: Quarterly Activities and Cashflow Reports, page-6

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kjrae95

2,710 Posts.

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01/05/21

10:01

Post #: 52864543
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Originally posted by Xerof: ↑

I always read reports from the back to the front. That way you find the 'difficult issue' nuggets. Here's one for shareholders from the bottom of the cashflow report:

"The company is currently engaged with corporate advisers and is reviewing funding options including the raising of additional capital by way of an issue of equity securities and, on the basis of advice received, believes that it will be successful in securing further funding."

Forewarned is forearmed.

Lets hope something concrete is achieved PRIOR to the next CR, otherwise it's another sell-off and high discount affair

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You would think that mining application and ESIA are not far away. If they can win the licence before June I think we will be raising at a premium before the quarterly.

raising after the mining application is great and not a negative, investors will jump on board still, its just that the gains will be slightly less due to the dilution

CAY Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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